Posted on 09/30/2018 7:18:57 PM PDT by Bigtigermike
BREAKING - Top US Source says "deal is done" re #NAFTA. Joint statement from @USTradeRep & Canada's Freeland expected soon.
I'm told #NAFTA deal was reached around 9:30pm tonight. Canada giving a larger % of its dairy market to US products in exchange for cultural protection & some form of dispute resolution process (formerly Ch 19).
(Excerpt) Read more at twitter.com ...
The car side agreement with Canada will probably be similar to the side agreement with Mexico:
“Mexico and the United States have agreed to a side letter to the new trade agreement announced Monday that will protect some Mexican auto exports against possible “national security” tariffs, Economy Secretary Ildefonso Guajardo said yesterday.
Under the arrangement, which Guajardo described as “insurance for Mexico,” if the United States government applies Section 232 tariffs to auto imports — as it did to steel and aluminum earlier this year — Mexico would still have duty-free access to the U.S. market for vehicles that comply with the new rules of origin, but only up to a certain limit.
Guajardo explained that the cap was set 40% above the 1.7 million cars Mexico currently exports annually to the United States, which he said gave Mexico’s auto industry scope to grow before facing the potential national security tariffs.”
source: https://mexiconewsdaily.com/news/some-exports-protected-against-national-security-tariffs/
The side agreements are important in the case of national security tariffs against car imports from Japan and Europe.
This will prevent those countries from producing in Mexico/Canada and shipping products to the USA to avoid national security tariffs.
Supposedly, in Canada, it’s a lot more colder for a dairy cow.
Crispy FRench FRies WITHOUT cheese and gravy?
Quadruple Canada tariffs so that Canada is forced to create a free republic, while sending the Queen a bag of tea.
Quit enabling Canada’s poverty.
You gotta admit it’s a bit tricky to keep fries crisp when they’re slathered with gravy.
Ten Things to Know About the New Nafta Deal
' 1. Car rules
Want to import a car duty-free from another Nafta country? It will be harder if the new deal is enacted, compared with under the existing 1994 pact. Vehicles would need 75% North American content, compared with 62.5% currently. The shift is a win for labor unions and auto workers but a headache for global suppliers to the auto industry.
2. Wages
New rules would require at least two-fifths of a vehicle that is eligible for duty-free trade in North America to originate from workers earning at least $16 an hour. Think of it as a cap on the amount of parts coming from low-wage Mexico. But companies get credit for high-wage research and development.
3. Labor Standards
The Trump administration and its unusual trade allies among Democrats and U.S. labor unions are particularly proud of a set of higher labor standards that, if implemented, would lead to more powerful unions in Mexico and possibly higher wages there. Still, some Democratic lawmakers say they aren’t satisfied with the level of enforceability of these labor provisions.
4. Sunset Clause
The agreement will face a “sunset” in 16 years, if it isn’t actively renewed or renegotiated. The three countries will meet every six years to decide whether to renew the pact, potentially keeping Nafta-pocalypse 16 years in the future in perpetuity. Canadian and Mexican officials say the uncertainty of sunset clauses undermines investment in their countries. Still, companies are somewhat pleased the Trump administration didn’t get the 5-year sunset clause it was seeking.
5. Exchange-rate curbs
In a global first, the Nafta pact includes enforceable rules to deter countries from artificially weakening their exchange rates to gain trade advantages. While the U.S., Canada and Mexico aren’t regularly blamed for this kind of infraction, the auto industry and its allies hope the rules will be included in deals with Asian countries in the future.
6. Dairy Bargain
U.S. officials negotiated greater access to Canada’s dairy market, where a government system controls prices and limits the amount of imports with steep tariffs. The dairy deal is likely to win praise from lawmakers from milk-rich U.S. states, but it could have political ramifications in Canada, including in Monday’s provincial elections in Quebec.
7. Dispute Resolution
Nafta includes mind-numbingly complex systems to hold countries to account when they bend or break trade rules. Trump administration officials are wary of systems that can overrule the U.S. government and have sought to weaken the dispute resolution systems. Trade lawyers will analyze the text of the deal so that industries and labor unions can form opinions and influence lawmakers’ votes. One system that allows foreign companies to challenge governments—investor-state dispute settlement, or ISDS—has been sharply scaled back.
8. Tariff Reviews
Canadian officials fought to keep another arbitration system that allows the country to challenge U.S. duties on allegedly dumped or subsidized Canadian imports, for example. U.S. trade representative Robert Lighthizer and American lumber producers had wanted to scrap the system, but in a victory for Ottawa, the U.S. agree to keep it.
9. Trump-Tariff Relief
Under its agreement last month, Mexico would be protected from the brunt of any national-security tariffs the Trump administration is considering on vehicles and auto parts, and Canada got a similar deal, a U.S. official said late Sunday. But Mr. Lighthizer has said that any respite for Canada from steel and aluminum tariffs will have to be negotiated separately.
10. No More “Nafta”?
“Nafta” was excoriated during the 2016 presidential campaign, and President Trump, a veteran of marketing and branding, has sought to change the name. The new deal will be called the ‘United States-Mexico-Canada Agreement,” or “U.S.M.C.A.,” the official told reporters.
You contradict yourself, or perhaps are more interested in picayune details than what tastes good.
Doesn’t gravy always have shallots (shalLOTS, as Gordon Ramsey would say) and mushrooms?
Here in Michigan we don’t fuss much about nomenclature or other small stuff. We just want to eat what tastes good.
What do you think, tomorrows NYT Headline, top of the fold?
Hopefully that will good for us Canadian consumers. Cheese and butter very expensive here.
Bookmark!
A basic brown gravy starts with a roue, to which is added pan dripping and/or beef stock. Then, depending upon what kind of beef gravy one is making, other ingredients are added. :-)
For instance, mushroom gravy doesn't usually contain any onions, OF ANY KIND, in it.
Onion gravy contains NO mushrooms and NO shallots; but does contain "sweet" onions finely chopped and sometimes parsley!
Both can contain wine, or not any at all.
The variations are many.
and none of it milk...whether the cattle have it or not, so it isn’t an issue when drinking milk.
thank you Mr. President for having the guts and common sense to defend our national economy (i.e. our workers and businesses) from enemies foreign and domestic.
I know all that. I thought I already responded to this but it’s not showing up.
I’m just leading you on because I’m enjoying sparring with you.
And it’s spelled “roux” and not roue. You mix fat with flour (or other thickener) to help prevent lumpy gravy.
En Français, mademoiselle.
LOL...I wondered just where, exactly, down the garden path you were leading me, old friend.
And a roux is usually made from butter and flour. It adds a "nuttiness" to gravies and other types of sauces. OTOH...one can also use arrowroot, cornstarch, or just plain old flour; however, as you said, these CAN make a gravy lumpy, if not thoroughly mixed well into the liquid.
Madame; if you please, monsieur.
Throw in California and we’ll take Alberta.
Manifique! Tres bien!
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