Trade Discussion – Canada: “No Deal Better than Bad Deal”…

Foreign Minister Chrystia from Canada is in Washington DC today meeting with U.S. Trade Representative Robert Lighthizer.  There are conflicting reports as to the possibility of a trade deal being reached.  Canada is heavily relying on internal pressure from the U.S. Chamber of Commerce lobbying group to sway/leverage the negotiation in their favor.

From the Canadian negotiation position every syllable and syntax is viewed through the prism of politics.  From comments amid all the Canadian participants and interests, they view President Trump as the only adversarial U.S. entity in the bilateral discussion. As a consequence of this outlook, all Canadian leverage efforts are targeted toward political opposition of President Trump; with assistance from a U.S. congress that has been purchased by Wall Street lobbyists to align with Canada against U.S. interests.

Peel all the layers away and ultimately this is the political position from which Canada is negotiating.  All-in-All, the most likely outcome is NO DEAL.

In order for Canada to accept or join, via a NAFTA 2202 modification, they would need to agree to the U.S-Mexico modification terms. For Canada they would have to:

  • Open their telecommunications and banking sector (eliminate non tariff barriers). Justin Trudeau calls these “cultural industries” and has refused any discussion on this matter.
  • Eliminate soft-wood (lumber) and aeronautics subsidies.
  • Begin a process of lowering their assembly use of Chinese/Asian goods.
  • Accept the rules of origin for North American manufacturing.
  • Eliminate protectionist tariffs on dairy and farm products.  This is another issue where Justin Trudeau has expressed an unwillingness to negotiate.
  • Accept the U.S-Mexico terms for arbitration and dispute resolution.

If Canada complied with the U.S-Mexico terms, they would likely be exempted from U.S. Steel and Aluminum tariffs, and would not face auto tariffs.  However, Canada views any steel, aluminum and auto tariffs as invalid and unlawful.

WASHINGTON/OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month.

Ottawa is pushing back against increasing pressure by the administration of U.S. President Donald Trump and its allies to make the concessions they say are needed for the trilateral North American Free Trade Agreement.

“We’re interested in what could be a good deal for Canada but we’re going to need to see a certain amount of movement in order to get there and that’s certainly what we’re hoping for,” Trudeau told reporters in Ottawa.

[…] Trump has already wrapped up a side deal with Mexico and is threatening to exclude Canada if necessary. Canadian officials say they do not believe the U.S. Congress would agree to turn NAFTA into a bilateral treaty.

An influential Canadian private sector union leader, in Washington for consultations with Freeland’s team, on Wednesday played down the chances of an imminent agreement.

“Do I believe there will be a deal this week? I don’t think so,” Unifor boss Jerry Dias told reporters, saying the United States would need to move on some major files.

Trump and Trudeau spoke by telephone late on Tuesday and discussed NAFTA, the Canadian prime minister’s office said in a brief statement.

The Republican chairman of the U.S. House of Representatives Ways and Means Committee, Kevin Brady, told CNBC on Wednesday that “Canada needs to really step up here this week” to meet the Oct. 1 deadline set by Washington.

But U.S. Chamber of Commerce President Thomas Donohue said it would be extremely complicated, if not impossible, for the administration to pull off a Mexico-only agreement.

“If Canada doesn’t come into the deal there is no deal,” Donohue told a media breakfast in Washington.  The Chamber, the most influential U.S. business lobby, wants NAFTA to be renegotiated as a tri-lateral agreement.  (read more)

WATCH:

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Again, the calendar to the mid-term elections looms over the perspective of Canada.  They, along with various trade affiliates, multinational corporate interests, Wall Street and political allies, are hoping for Republican losses in congress so their congressional democrat allies will finally stop Trump.

There are trillions at stake…

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This entry was posted in Auto Sector, Big Stupid Government, Canada, Donald Trump, Economy, Election 2018, energy, Environmentalism, Mexico, NAFTA, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

244 Responses to Trade Discussion – Canada: “No Deal Better than Bad Deal”…

  1. Vince says:

    We need to stop sending the varsity negotiating team to Canada. Send the guy that would negociate with Haiti and a couple of interns. The A team needs to focus on bigger things.

    Liked by 5 people

  2. dufrst says:

    Canada, like everyone else is looking at the midterms. Get out the vote and you will see this country soar like never before! Trump will have the ability to level all of these trade agreements if the GOP holds the House and Senate. Everything is at stake this Novemeber. Trade Deals, Impeachment, War and Peace. Give Trump the reinforcements he needs to prevail! MAGA!!

    Liked by 15 people

  3. MLK says:

    “All-in-All, the most likely outcome is NO DEAL.”

    As my previous comments explain, I believe the most likely outcome is JUSTIN BENDS THE KNEE. In other words, a deal. Likely announced shortly after the Quebec elections.

    I see no evidence that either the Chamber of Commerce Democrats or Republicans are going to take one for the team by publicly opposing the USM if Canada doesn’t sign on. It’s easy to see what the response would be — a full airing of the terms that Canada won’t agree to. Yeah, that’s a good strategy for the midterms, publicly taking Canada’s side on particular provisions like Dairy and Softwood Lumber protectionism!

    This is why the CoC and their Trade Patsy and Fifth Columnist party friends are keeping their emanations for public consumption vague except that they insist Canada be in.

    Again, they’re no match for our POTUS. If the September 30th deadline passes without Canada in, the USM text will be submitted and POTUS will beneficently offer to continue to negotiate with Canada. He won’t notice that he’s cancelling NAFTA . . . . yet. That will come the day he signs the USM if, of course, I’m wrong and Justin hasn’t already bent the knee.

    Like

    • Dave Sanderson says:

      MLK, you wrote: “I believe the most likely outcome is JUSTIN BENDS THE KNEE. In other words, a deal. Likely announced shortly after the Quebec elections.”

      My online search says the Quebec provincial election is Monday, October 1st …and doing a U.S.-Canada deal AFTER October 1st is too late for the absolute drop-dead date given by Trump’s team to get the deal done / written up / finalized.

      I believe actions speak louder than words, and the actions of Canada’s “negotiating team” tell me they don’t want a deal …they’re just stalling for as long as possible, to look tough for the folks back home for as long as possible and then blame the lack of a deal on “that nasty bully, Trump, for hurting Justin’s feelings and making Freeland cry.”

      Al least Freeland and her misfitted wardrobe have been good for some chuckles while The Big Ugly continues to tread water.

      By the way, thank you Mister President … today’s markets went up enough for me to get a new toy … a boat? … a Harley? (is it still OK to buy those?) … a convertible? … maybe a redhead?! All this winning is getting soooooo exhausting. MAGA!

      Liked by 7 people

      • OSP says:

        I vote redhead

        Liked by 1 person

      • Anetra says:

        Yes! I LOVE our ‘Bully’ President.
        IF putting America first makes him a bully, then SO BE IT!
        Most countries are not so fortunate and wish for the same. For ALL of the hate-filled people who disagree, they are free to leave. If they want socialism so bad, there are plenty of places to choose from. How about Venezuela or Cuba?They won’t be missed. Tired of the paid Anarchists and nutcases! Tired of paying FOR them also…
        Thank GOD we have him!
        Make America Sane Again.

        Liked by 1 person

  4. Targysan says:

    You beta Male Trudeau.

    You dissed PDJT, and are now playing victim.

    Fuck you. Here’s a hint:

    No deal is a VERY bad deal for you.

    Liked by 3 people

  5. Fools Gold says:

    It appears to me the only thing she’s good at is enlarging her fat ass..if I were Trump I’d call out the COC Leader as the globalist he is and suspend talks with Canada until after midterms. After the midterms I’d announce tarrifs on autos, cattle business and anything our wolverines proposed. Next, I call Twittle D and Twittle dumb out for ruining Our friendship and their economy over Politics and Chinese influence….

    Liked by 4 people

    • kea says:

      Fat tax…???

      Like

    • Mark L. says:

      This is more about China then Canada. Justin doesn’t get it but I bet the Canadians do.

      Liked by 3 people

    • Rhoda R says:

      All of the above Fools Gold, and then add that Canada was attempting to interfere with our elections pretty much the same way that the Russians were accused of interfering with our 2016 elections and make a casual reference to his new EO covering foreign influence in our election.

      Liked by 1 person

      • Fools Gold says:

        The Canadian people need to wise up and see some sunlight. It’s aweful dark up there…Trump is shining a bright light on what’s wrong with both of our countries and if one cannot see it they have their hands over their eyes and fingers in their ears. The Canadians could be seeing their economy booming same as ours if it wasn’t for it’s sick liberal people and its sick socialist leader.

        Liked by 2 people

  6. Buck Turgidson says:

    Canada is going to get flattened and it serves them right for sending childish communust sjws to do the jobs of adults.

    Liked by 4 people

  7. yucki says:

    Killing Canada: Theatrical Version

    Liked by 3 people

  8. Elle says:

    Canada reminds me of Steve Martin in this clip:

    Liked by 1 person

  9. railer says:

    Canada cannot delay. EVERYBODY in the automotive industry now understands that Trump is serious, and that automotive component manufacture is going to be re-shored from China. This isn’t a maybe now, not after that US-Mexico agreement was inked. It’s a certainty. That means capital is being appropriated to that purpose as we speak. In fact, the smart guys have known this since November 2016. As of now, capital for component manufacture would smartly go to the US, with a slight buildup in Mexico where component manufacture has never been allowed to take off. Canada would easily absorb a chunk of that capital, but the Tier 1 and Tier 2 guys don’t dare choose Canada and risk a 25% tariff, not in the current environment. Nobody should take that risk. It’s the US, Mexico or bust. Every day Canada delays represents the loss of millions of automotive component manufacturing capital that needs a home but cannot find one in Canada. Trudeau is cutting off Canada’s nose to spite its face.

    I see that CAW rep was in Washington babysitting Freeland. He knows what’s up, and he looked old enough to remember how bad it can get. I wish the UAW was something more than stooges. Their membership is with Trump for the most part though.

    Liked by 5 people

  10. Elle says:

    oh darn.previous one cuts off at the moment of truth…….here you go…. LANGUAGE WARNING!!

    Liked by 1 person

  11. Stan says:

    Liberal media mantra: No deal is better than a bad deal.

    In other words when Freeland waddles her fat ass back home without a deal if will be trumpeted as a major victory.
    Battlefield prep for the upcoming Canadian election.

    Like

  12. Paul says:

    I have tried to study what the President can do with respect to existing NAFTA…from what I have read after a 6 month notification he can withdraw without congressional approval

    Liked by 1 person

  13. Texian says:

    “.. the calendar to the mid-term elections looms over the perspective of Canada. They, along with various trade affiliates, multinational corporate interests, Wall Street and political allies, are hoping for Republican losses in congress so their congressional democrat allies will finally stop Trump…”

    That is who Americans are aligned against.. Large national and international organizations – and half the world.. The potential for the biggest voting fraud scheme in American History.. If seats are lost.. don’t believe it.. It’s being rigged..

    Remember, the media is already set with their talking points to cover for the upcoming dirty deed – “it was a low turnout by conservatives..”, “a massive ‘blue wave’ just occurred”.. etc. etc. All bullsht to pacify the masses so they don’t storm the Bastille..

    Get ready for the biggest voting fraud scheme ever attempted in American History.. There is only one way to beat it – massive turnout.

    Liked by 4 people

  14. Derek says:

    Well in canadas defense every deal is worse for them then what they currently get because it was so stacked in them and mexicos favor

    Liked by 1 person

  15. jeans2nd says:

    Mama Chopped Liver asks Where’s The Beef?
    Mama Chopped Liver meets The Beef.
    Mama Chopped Liver eats Crow.

    Like

  16. Ldave says:

    As I grow older, I’m more convinced all the time that the US Chamber of Commerce is basically opposed to free markets, American workers, taxpayers and consumers. Being a capitalist is far different than being a bend over for big business.

    Liked by 3 people

  17. jim says:

    Anybody know what day of the month Christia washes her hair?

    Like

  18. Racerdad99 says:

    The fact that Canada is hoping for a democratic victory in November and is hoping for support by the Chamber of Commerce to pressure Trump just shows how worthless the Canadians are they’re bribing our politicians to give them trillions of dollars then they’re sending some of the money back to the politicians through the lobbyists. New Mexico we call that bribery in the United States we call it lobbying.

    Liked by 1 person

  19. porkyspen says:

    I hope PDT’s MAGA time table will eventually include exposing Tom Donohoe and the Chamber of Communists as the anti-American, seditious organization that it is….. My hatred for them is second only to my loathing of Democrats.

    Like

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