By The Hill. Former Canadian Prime Minister Stephen Harper said Sunday that the U.S. “got the better of the deal” in the new U.S.–Canada trade deal.
Harper told host John Catsimatidis in an interview airing Sunday on AM 970 in New York that Canada was “kind of bruised” by the new agreement.
“Canadians generally recognize that the United States got the better of the deal,” Harper said. “What’s pretty clear is the U.S. got some things and didn’t lose anything. Canada had to give on some things and didn’t really have any wins.”
“And I think Canadians are fairly bruised about that because the view in Canada is that we’ve been a pretty good trading partner and play by the rules,” he added.
Harper’s comments follow after the U.S. and Canada reached a deal late last month on an updated North America Free Trade Agreement (NAFTA). The deal, dubbed the United States-Mexico-Canada Agreement, or USMCA, was reached at the end of September following tensions between Ottawa and Washington. (Read more from “Canadians Recognize Trump Got the Better of Them in New Trade Deal” HERE)
Study Says Canada Needs Trade With China, but the USMCA Will Make That More Challenging
By Global News. The legal world was confounded a few weeks ago when it discovered that the United-States-Mexico-Canada-Agreement (USMCA) contained a clause requiring Canada to keep the United States abreast of its intentions to enter free trade talks with “any non-market economies” – which many took to mean China.
Though most experts predicted that this section, Clause 32, would make it much more challenging for Canada to engage in trade talks with China, a study compiled by the Ottawa-based research firm Public Policy Forum states that this is precisely what Canadian regulators need to do.
“You can’t really be serious about a diversification strategy if you don’t include China in it. China accounts for 33 per cent of global growth, economic growth. That is an extraordinary number. It’s more than all the rest of Asia combined,” explained Edward Greenspon, co-chair of Publicly Policy Forum.
The clause specifically states that “at least three months prior to commencing negotiations, a party shall inform the other parties of its intention to commence free trade agreement negotiations with a “non-market country.” If any party is opposed to the agreement struck, they’re permitted to give notice of withdrawal from the USMCA. (Read more from “Study Says Canada Needs Trade With China, but the USMCA Will Make That More Challenging” HERE)