Jersey cows at Silver Spring Farm in Syracuse.
Trump acted as if NAFTA was a deal he didn't need, and that got the attention of Mexico and Canada. However, hours before a midnight deadline, CNN reported, " the us and Canadian governments agreed to a deal that would allow USA farmers greater access to Canada's dairy market and address concerns about potential us auto tariffs". The new agreement will eliminate a program in Canada which limited certain kinds of imports.
This clause could be used to prevent China from trying to circumvent the steep tariffs that the USA has slapped on Chinese imports by funneling its merchandise through either Canada or Mexico.
Brody Stapel, board president of Edge Dairy Farmer Cooperative, said the treaty won't be a major change in export numbers. The issue for Canada dairy farmers is deeper than the NAFTA renegotiation, however.
Central and northern New York's Republican congressional members are singing praises for the newly renegotiated NAFTA deal.
Financial markets breathed a sigh of relief that the United States and Canada had reached a last-minute deal on Sunday to preserve a single trading zone in North America after serious worries it could fragment under Trump's trade pressures.
The $1.2 trillion trade agreement replaces the North American Free Trade Agreement, which Trump vowed to repeal during his presidential campaign.
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Rose also sees significance in the fact USA comes first, M for Mexico second and C for Canada last.
The quota would allow for significant growth in tariff-free automotive exports from Canada above current production levels of about 2 million units, safeguarding Canadian plants.
Following the Cabinet meeting, Trudeau said it was "a good day for Canada", while Jesus Seade, the trade negotiator for Mexico's incoming president, tweeted that the deal meant "the door closes on trade fragmentation in the region".
The White House's Peter Navarro said "everybody's speaking in good faith right now as we speak", on Fox Sunday. "This new agreement once again weakens the dairy sector which, among other things, employs more than 220,000 Canadians and contributes some $20 billion a year to Canada's gross domestic product".
"That tells me that there's an agreement that works for all of us, and so, to me, that's what we wanted all along", Perez said.
While highlighting the mutual benefits of the "new modernized trade agreement for the 21st century", the statement did not offer any details on its contents, nor hint at the concessions that Washington and Ottawa reportedly had to make.
Canada had resisted American moves to remove the provision, keen to be able to challenge USA trade penalties.