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Eastern Iowa dairy farmers react to replacement NAFTA deal

Trump had blamed NAFTA for the loss of American manufacturing jobs and wanted major changes to the pact which underpins $1.2 trillion in annual trade

U.S. negotiators clearly had China in mind when they hammered out the new trade deal with Mexico and Canada to replace the 1994 North American Free Trade Agreement (Nafta) that Mr Trump labelled a disaster.

"I don't need their milk production anymore", he said. When told that he seemed confident of congressional approval after his announcement, he said he was "not at all confident" - but not because of the deal's merits or defects.

After months of bashing its Western allies on trade, the Trump administration is now trying to recruit them to join the United States in pressuring China to shift its trade, subsidy and intellectual property practices to a more-market driven focus.

Trump hit the road again Tuesday, in part to try selling the trade pact to the American people. It is a great deal for all three countries, solves the many ...

The deal could prompt automakers to build more cars in low-wage countries, but tariffs now imposed on cars built in China would make that a tough proposition.

The U.S. aim is to have more cars and auto parts made in this country.

Dairy groups in Washington state are encouraged by the Trump administration's new North American trade deal announced Monday and what they see as its potential to create additional market access for dairy farmers.

As well as concluding the North America deal, the U.S. has recently signed a revised trade agreement with President Moon Jae-in of South Korea, and is starting talks on a separate two-way deal with Prime Minister Shinzo Abe of Japan.

The new trade agreement, Trump asserted, would usher in a new dawn for the country's auto industry and transform North America into a manufacturing powerhouse and allow the USA to reclaim the supply chain that went out off-shores.

NAFTA reduced most trade barriers in North America, leading to a surge in trade between the three countries.

"You can bet the ask is going to be significant here", said Martha Hall Findlay, chief executive officer of the Canada West Foundation in Calgary.

Trump had threatened to go ahead with a revamped NAFTA, with or without Canada. This could pose a problem because the vote on NAFTA 2.0 will not happen until 2019 after the 2018 midterms and a potentially Democratic-and anti-Trump-Congress is seated. The prime minister said the new agreement offers crucial predictability and stability for Canadian businesses, investors, traders, workers, and innovators. After all, the trade agreement had spurred trilateral trade and investment to over $1 trillion .

The breakthrough came on Sunday evening as the negotiating parties agreed on key elements of the revised trade agreement, the Canadian Broadcasting Corporation reported, citing a senior source with direct knowledge of the talks. "About 12 last night", Trump said at a White House news conference.

"Certainty a threat to have deadline to me is an arbitrary deadline, but I'm not going to second guess the Canadian negotiators until we had a chance to really go through this agreement", said Angus. United States drug companies can fend off generic competition for a few more years. And he can say he didn't even have to remove his specious tariffs on steel and aluminum to do it! So. This deal also allows added access to the Canadian dairy market, allowing the U.S.to sell $560 million worth of product to our neighbors in the north. "We never believed that it would be easy, and it wasn't, but today is a good day for Canada".

The future of the agreement has also been a major issue in Mexico, where Pena Nieto will be replaced by President-elect Andres Manuel Lopez Obrador in December.