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Thread: What should NAFTA-II include / exclude?

  1. #1

    Default What should NAFTA-II include / exclude?

    Eg.

    Should NAFTA-II include water exports to the US?

  2. #2
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    FWIW, I think we're getting a bit ahead of ourselves with talk about NAFTA II. The idea is that Trump is gonna scrap NAFTA? I'll believe that when I see it. The major donors to the Republican Party almost certainly don't want that to happen, and I'm pretty sure congressional GOPers(along with the more pro-market Democrats) have ways of thwarting any such efforts.

    If I've misunderstood the premise of this thread, apologies and carry on.

  3. #3

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    ^Its going to be tinkered with, but I am not sure how much will change with Canada, the focus seems to be more on Mexico.

    Canadian officials say the nominee for commerce secretary has indicated a formal-notification letter to open negotiations on NAFTA will be sent to Canada and Mexico within days of Friday’s presidential inauguration.

    The Americans want to discuss country of origin rules and the independent dispute-settlement mechanism that are key features of the 1994 NAFTA pact, officials say. Country of origin rules, which govern how much content from outside NAFTA a product can contain and still qualify to be shipped duty-free, are specific to each product and spelled out in writing. They cover every kind of good and service, from suits to cars. The Trump administration is expected to take a harder line on exactly what can cross the border duty-free.

    NAFTA’s tripartite dispute panels are also on Mr. Ross’s radar, officials say. The United States has long complained these independent panels are unaccountable and give too much power to Mexico and Canada.

    Still, a senior government official told The Globe and Mail the signals from Mr. Trump’s trade team indicate the trade focus will largely be aimed at Mexico, essentially cutting the United States’ southern neighbour out of many NAFTA benefits.

    http://www.theglobeandmail.com/news/...ticle33653320/

    In other words, they are going to be pushing on Mexico on the basis of labor laws and similar being very different there.

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    I think even the Mexico stuff will be limited in its scope. If it poses too much of a threat to the cross-border traffic of goods and jobs, business will revolt.

    Trump has his followers believing that the US can just make a bunch of demands on Mexico, and Mexico will acquiesce to every one, without any northward pushback that would impact the American economy. Maybe he's right, since the US economy is probably better positioned to absorb the fallout from a trade war, but I'm still pretty skeptical.

  5. #5

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    Trump followers will be satisfied enough at his bloviating tough talk and will just as easily eat up his inevitable excuses and diversions of blame for failure, and trumped-up claims of success.
    I am in no way entitled to your opinion...

  6. #6

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    Canada given advance notice of Trump’s NAFTA demands - The Globe and Mail
    Excerpt:

    In an interview with Bell Media’s BNN in October, Mr. Ross said Canada would not have a “lot to fear” from a Trump presidency.

    http://www.theglobeandmail.com/news/...ticle33653320/

  7. #7

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    We traded before NAFTA so we'll trade after it. May learn another hard lesson about the value of diversification along the way, but that's life.

    Why Trump is an exceptional worry for Canada
    As President Donald Trump upends the world order, don’t believe for a second that Canada’s economy will escape unscathed
    Evan Solomon
    January 30, 2017


    But as the man himself likes to say: Wrong.

    Before you buy the Canadian case for the mutually beneficial status quo, it might be wise to take a closer look at folks like Schwarzman, the CEO of the massively powerful Blackstone Group. He has a net worth of almost US$11 billion. Forbes ranks him the 113th richest man on the planet. In a profile of him published in the Guardian back in 2007, when Schwarzman was known as the “King of Wall Street” and lived in a 35-room Manhattan apartment with 13 washrooms and 11 fireplaces, writer Andrew Clark quoted an interview of Schwarzman describing how he approaches a big negotiation. “I want war, not a series of skirmishes,” Schwarzman said. “I always think about what will kill off the other bidder.”

    War. Kill off the other bidder. That’s how you become the King of Wall Street. That’s how you become the chief of the business advisory board for President Donald J. Trump. That’s how you approach a “big negotiation,” like, say, NAFTA. You are a predator atop the financial food chain. To believe that people like Schwarzman or Trump, or Commerce Secretary Wilbur Ross (net worth US$2.5 billion) or Secretary of State Rex Tillerson (the former CEO of ExxonMobil whose net worth is a modest US$150 million), will leave Canada alone, that they will look for a better deal with everyone except their second-largest trading partner, is not just naïve—it’s like jumping into a pool filled with great white sharks because you’ve convinced yourself they’re vegetarians.



    http://www.macleans.ca/politics/otta...ry-for-canada/
    Last edited by KC; 30-01-2017 at 06:09 PM.

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    I'm not too worried about Canada. We've lost a ton of jobs to Mexico and some to the U.S.... in the end America's protectionism will benefit us IMO. Consider us the natural resource hand that feeds.

  9. #9

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    A diversified economy and diversified trade can protect our downside.

    Canadians shouldn't ignore trade danger from American protectionism, Brian Mulroney warns
    Gordon Kent, February 2, 2017

    "The country should also pursue trade deals with partners such as the European Union, the United Kingdom, China and other Asian countries, as well as looking at dismantling supply and price controls for dairy and poultry if other countries are willing, he said.

    However, the architect of the landmark deal to fight acid rain in the two countries doesn’t think Canada ..."

    http://edmontonjournal.com/news/nati...mulroney-warns

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    NAFTA II, like the original NAFTA, would have to pass through the US congress, wouldn't it? What is the likelihood the Republican majority will let that go through?

  11. #11

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    Trump Should Play Nice in Nafta Talks, U.S. Chamber Chief Says - Bloomberg
    Excerpt:

    “We would insist on doing it in a way that doesn’t disrupt the $1.3 trillion of trade that depends on Nafta” each year, Donohue said. “It’s our job to ensure that our leaders understand and appreciate how much of our prosperity is linked to this relationship.”

    https://www.bloomberg.com/news/artic...ber-chief-says

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    ^ "Donohue said. “It’s our job to ensure that our leaders understand and appreciate how much of our prosperity is linked to this relationship.” Er . . . good luck with that, pal.
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  13. #13

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    Not just dairy anymore.


    For second time this week, Trump jabs at Canada over trade | Jamie Dupree - AJC

    President Donald Trump on Thursday demanded new trade negotiations with Canada, charging American producers are being hurt in trade involving dairy, lumber, timber and energy resources.

    http://jamiedupree.blog.ajc.com/2017...da-over-trade/

    Donald Trump slams Canada for trade practices in energy, lumber, and dairy – Financial Post

    https://www.business.financialpost.c...-lumber-dairy/
    Last edited by KC; 20-04-2017 at 09:26 PM.

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    Quote Originally Posted by KC View Post
    Not just dairy anymore.


    For second time this week, Trump jabs at Canada over trade | Jamie Dupree - AJC

    President Donald Trump on Thursday demanded new trade negotiations with Canada, charging American producers are being hurt in trade involving dairy, lumber, timber and energy resources.

    http://jamiedupree.blog.ajc.com/2017...da-over-trade/

    Donald Trump slams Canada for trade practices in energy, lumber, and dairy – Financial Post

    https://www.business.financialpost.c...-lumber-dairy/
    not "just for dairy anymore" but that doesn't necessarily mean that in some of these areas canadian trade practices aren't out to a [non-dairy] lunch.

    we're awfully quick to condemn anyone who wants us to look in the mirror but sometimes the picture in the mirror is pretty ugly. whether it's nafta or bilateral american trade or even interprovincial trade and regulation, we seem to want/expect free access in the other direction and still be able to maintain restricted access at home.

    all's fair until we think that it's our ox being gored even if protecting it means we're wrong.

    you don't have to like trump to accept that some of what he says is likely true.
    Last edited by kcantor; 21-04-2017 at 11:32 AM.
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  15. #15

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    Sixteen pages of NAFTA demands signal tough negotiations ahead | Financial Post


    http://business.financialpost.com/ne...2-a5332b6627f1


    How NAFTA may have made Canada fat | Toronto Star

    https://www.thestar.com/news/canada/...anada-fat.html
    Last edited by KC; 18-07-2017 at 07:25 AM.

  16. #16

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    What a joke

    Conservatives say Trudeau's Rolling Stone cover jeopardizes NAFTA talks but meanwhile Conservative MP Peter Kent wrote an opinion piece about Omar Khadr in the Wall Street Journal, while Conservative MP Michelle Rempel appeared on Fox News with host Tucker Carlson to lambaste the government.

    http://www.cbc.ca/news/politics/sche...hadr-1.4215008
    Last edited by Edmonton PRT; 27-07-2017 at 09:48 AM.
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    Canada got to keep Chapter 19 but America first and Protectionism has to go as a part of new trade talks.
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    So the Nafta trade talks are about to get under way. While I understand a bit why America wants a better deal but some of what they want to look at is supply management in the diary industry, and softwood lumber. Its going to get interesting.
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  19. #19

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    Considering the big problem with the American dairy industry is over supply, I don't think that they've got a lot to lecture us about. They're literally paying people to produce milk that ends up being dumped.

    U.S. dairy lobby submits its demands for NAFTA

    Peter Hardin, the longtime editor of a Wisconsin dairy-trade publication, The Milkweed, agreed, in a piece for the Wisconsin State Farmer this spring titled: “Don’t blame Canada for dairy woes, look around.”


    He said the problem isn’t Canada, it’s excessive American milk production, with a 21.8 per cent increase over four years in Michigan, 10.9 per cent in New York, and 7.6 per cent in Wisconsin.

    http://www.citynews.ca/2017/06/13/u-...nds-for-nafta/
    The original story

    Don’t blame Canada for dairy woes, look around


    The shocking news that nearly 100 Wisconsin dairy farmers received termination notices from their buyers this spring is simply a sign that undisciplined milk production in the Great Lakes region is overwhelming our milk marketing system. Don’t blame Canada for Wisconsin’s dairy woes.


    From February 2013 through February 2017, milk production has soared in Michigan (+21.8%), New York (+10.9%) and Wisconsin (+7.6%). Michigan has not made commensurate investments in dairy processing plants to handle those big boosts in farm milk output.


    Canada’s revised Class 7 milk pricing system has been in the works for over one year and represents that nation’s efforts to protect its dairy farmers. Canada has closed a “loophole” in the original North American Free Trade Agreement. That “loophole” (in the recent words of a Cornell University dairy economist) was allowing more than two million lbs. a day (farm milk equivalent) of U.S. “ultra-filtered milk” for manufacturing use. Canada closed that loophole, with more than a year’s advance notice.

    http://www.wisfarmer.com/story/opini...und/100879614/
    Last edited by kkozoriz; 17-08-2017 at 07:11 PM.

  20. #20

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    Trump: ‘We’ll end up probably terminating NAFTA’
    One week into negotiations, the only surprise is how quickly U.S. President Donald Trump’s threat to cancel NAFTA came.
    https://www.thestar.com/news/world/2...ing-nafta.html
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  21. #21

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    Let him walk away from NAFTA, keep the deal with Mexico, bring Mexico into the European deal we just signed with the EU. Watch Trump explode.

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    Trump was pandering to his base (or managing expectations). Trump likely can't leave NAFTA without congressional approval especially given the number of states that rely on and benefit from cross border trade with Canada.
    Did my dog just fall into a pothole???

  23. #23

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    Interesting timing of this duty.

    U.S. imposing 220% duty on Bombardier CSeries planes
    http://www.cbc.ca/1.4308590

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    ~ 1,000 aerospace workers in the UK are also affected by this Bombardier tariff.

    Even if congress approves leaving Nafta trade will continue between both countries.

    Sure there might be winners and loser here but imo Canada should focus on the TPP, should the US leave anyway. Always good to have a plan B.
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    Bombardier and it being subsidized was brought up awhile by Brazil, who was going to take to the WTO.


    https://beta.theglobeandmail.com/rep...beandmail.com&

  26. #26

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    Quote Originally Posted by H.L. View Post
    Bombardier and it being subsidized was brought up awhile by Brazil, who was going to take to the WTO.


    https://beta.theglobeandmail.com/rep...beandmail.com&
    Geez, I wondered how this site's cadre of Trumpchuggers would interpret the announcement...
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  27. #27

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    People in glass houses...

    As if the European Union, Brazil, Canada or the USA don't subsidize their aircraft manufacturers...

    It is like claiming that none subsidize their farmers.

    Who is trying to fool who?
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    Boeing received $ 64 billion from the US government.

    https://globalnews.ca/news/3773916/b...%3AFacebook%5D
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  29. #29

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    The timing of the bombardier announcement sure puzzles me. It just seems like they pulled an end run around the US - before the NAFTA negotiations have been completed. Is that to show the US something or other?


    Bombardier to partner with Airbus on CSeries program
    http://www.cbc.ca/1.4357567

  30. #30

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    Top Trump official says U.S. isn’t offering ‘anything’ to Canada in exchange for NAFTA demands | Toronto Star

    Excerpt:
    “As he has in the past, Trump said he thinks the only way to secure a good deal for the U.S. is to put pressure on the other two countries by initiating a termination. He said his negotiators “are going to have to get tougher.”

    https://www.thestar.com/news/world/2...a-demands.html

  31. #31

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    Life after NAFTA: Canadian businesses start to plan for bleak new trade reality - Business - CBC News
    Excerpt:

    RBC Economics Research released a report this week entitled "Life after NAFTA?" and the short answer to that rhetorical question is grim.

    A "bad" result — either a renegotiated deal that delivers less trade or the deal being torn up entirely — is now "increasingly likely," the report said.

    "Our estimates suggest that a roughly four per cent across-the-board increase in tariffs between Canada and the U.S. would reduce Canadian GDP growth by about one per cent over five to 10 years. "

    The report says that may not sound like much, but added up would mean "about $20 billion (in today's dollars) of annual output over time."

    So that lack of certainty becomes ...”

    http://www.cbc.ca/news/business/naft...rong-1.4393021
    Last edited by KC; 11-11-2017 at 10:38 AM.

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    Screw Nafta, embrace TPP
    Mom said I should not talk to cretins!

  33. #33

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    Thinking the unthinkable on NAFTA has C$ traders doomsday prepping | Financial Post

    http://business.financialpost.com/ne...msday-prepping




    What happens if NAFTA is killed? RBC looks at Canada’s possible future - National | Globalnews.ca
    Excerpt
    “If the United States sticks to regulations set by the World Trade Organization (WTO), RBC predicts that Canadian GDP could drop by a total of one per cent in up to 10 years.”

    https://globalnews.ca/news/3854278/l...da-rbc-report/

  34. #34

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    What the end of NAFTA could mean for jobs in western Canada - Macleans.ca
    Opinion: With a significant number of western Canadian jobs linked to exports to the U.S., the region must look for ways to diversify its trade
    Naomi Christensen
    November 18, 2017

    http://www.macleans.ca/economy/econo...estern-canada/

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    We can start by buying time until the next US election when Trump will be ousted.

    Seriously though it was mentioned on the news last night that VP Mike Pence home town would lose big time if loose cannon Trump pulls out of NAFTA.
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  36. #36

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    Stocks that benefited under NAFTA fall after report Trump may exit trade pact

    https://www.cnbc.com/2018/01/10/stoc...rade-pact.html


    Loonie slides as NAFTA worries dent rate hike bets - The Globe and Mail

    https://www.theglobeandmail.com/glob...ticle37558995/


    Canada increasingly convinced Donald Trump will soon pull the plug on NAFTA: sources | Financial Post

    http://business.financialpost.com/ne...-nafta-sources



    Chamber of Commerce CEO Tom Donohue says pulling out of NAFTA would mean 'absolute destruction' for the economy
    Chamber of Commerce CEO Tom Donohue says pulling out of NAFTA would mean "absolute destruction" for the economy.
    NAFTA keeps American borders safe, Donohue says.
    Eliminating NAFTA could affect millions of American jobs.

    https://www.cnbc.com/2018/01/10/cham...a-mistake.html




    TPP window may be closing - The Western Producer

    https://www.producer.com/2018/01/tpp...w-may-closing/



    Alberta exporters hope NAFTA can be saved but ponder life without it - Business - CBC News

    Trade between the countries would then be governed by higher World Trade Organization (WTO) tariff schedules. "In the short term, it could also give President Trump a tariff stick to inflict damage in certain sectors," Christensen says.

    Of note for Alberta, a WTO scenario would see tariffs applied on petroleum liquids crossing the border, with heavy oil from the Athabasca oil sands facing more significant fees than light oil.

    Still, Christensen does not believe the WTO tariff schedule would be crippling.

    "It would hit the value of about 70 per cent of what Alberta exports to the U.S.," she said in an interview ...”

    http://www.cbc.ca/news/business/albe...pact-1.4446600
    Last edited by KC; 10-01-2018 at 06:37 PM.

  37. #37

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    Trump says he’ll impose a 25 per cent steel tariff, which could ‘decimate’ Canada’s industry — if it applies | Toronto Star

    https://www.thestar.com/news/world/2...t-applies.html





    US steel and aluminium imports face big tariffs, Trump says - BBC News

    http://www.bbc.com/news/world-us-canada-43249614

  38. #38

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    Gotta love how Trump thinks protecting the American steel industry is a matter of national security while the confirmed Russian interference during the election is no big deal.
    Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

  39. #39

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    Quote Originally Posted by noodle View Post
    Gotta love how Trump thinks protecting the American steel industry is a matter of national security while the confirmed Russian interference during the election is no big deal.
    He’s an opportunist - and a nationalist.

    So all countries dealing with the US now have to operate a lot smarter than in the past. The US under Bush, Clinton and Bush was basically giving corporate welfare to the world by shuttering US businesses to enable more global free trade. Now that gift of massive US debt driven consumer spending fueling world growth is coming to an end. Throughout the 1990s and 2000s there was repeated talk of exporting nations having to build their own consumer sector rather than relying on US demand. That mostly didn’t happen and US demand just kept growing and the exporting countries just kept building their industries but not increasing imports of US goods. Endless US trade deficits and endlessly supplying US dollars to the world. Now, as the US flexes it’s muscle - start to follow the money.

    And watch US inflation and interest rates.

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    The US is the third largest producer of steel in the world, extracting about 30 million tons of steel/month. I'm no expert on trade, but like oil steel is a finite resource. America really doesn't need Canadian steel or oil for that matter. The major bone of contention the US has over Canada is our supply management system. Most people agree that Nafta needs to be overhauled. However with the TPP, which the US has closed the door on, (apparently) Canada needs to be more aggressive in the TPP, imo.
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  41. #41

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    Supply management only really applies to dairy & poultry products.
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    Yes we know this, this thanks
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  43. #43

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    Yet you think it's the "bone of contention" in NAFTA?

    Dairy & poultry form a very, very tiny percentage of trade, but make for good news stories since the impact is so far reaching into the lives of regular Canadians. Doesn't mean it's the primary issue, whatsoever.
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    ^ It is as far as the US are concerned.

    Its a complex issue, hurts my brain just thinking about it.
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  45. #45

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    Quote Originally Posted by envaneo View Post
    ^ It is as far as the US are concerned.

    Its a complex issue, hurts my brain just thinking about it.
    The Americans have one very simple goal: to reduce the trade deficit. Given that dairy & poultry form a very, very, very tiny segment of overall trade any changes to those sectors will likewise have a very, very, very tiny effect on the overall trade deficit.

    Are trade deficits a complex issue? Absolutely. But the simpleton in the White House has disregarded all that complexity & wants the numbers to go one specific way, overall effect on the economy or international trade be damned.
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    Its not clear if Canada will be part of these tariffs, yet. Europe said they would retaliate.

    Lets hope Trump is a one term President.

    This article is worth a read:

    https://www.washingtonpost.com/news/...=.7176dfa7b2fe
    Last edited by envaneo; 02-03-2018 at 03:35 AM.
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  47. #47

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    Maybe it’s time that we start talking about walking away from NAFTA. We’ll take our lumps and move on and create bilateral agreements with whoever wants to trade with us. We’ll also be able to put impor tariffs on all kinds of US goods and block others. In the end we’ll be far more diversified and far less reliant on one country.

    Initially our dollar might collapse but that would be to our benefit in pricing our export offerings everywhere else.


    Trump's steel shock drives wedge into sluggish NAFTA talks

    https://ca.reuters.com/article/topNe...CN1GD5M3-OCATP
    Last edited by KC; 02-03-2018 at 06:10 AM.

  48. #48

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    Quote Originally Posted by envaneo View Post
    The US is the third largest producer of steel in the world, extracting about 30 million tons of steel/month. I'm no expert on trade, but like oil steel is a finite resource. America really doesn't need Canadian steel or oil for that matter. The major bone of contention the US has over Canada is our supply management system. Most people agree that Nafta needs to be overhauled. However with the TPP, which the US has closed the door on, (apparently) Canada needs to be more aggressive in the TPP, imo.
    Didn’t everyone want to cancel the TPP?


    Is the Trans-Pacific Partnership really a good deal for Canada? Or is it just 'NAFTA on steroids'?
    BY DOUGLAS QUAN
    ORIGINALLY PUBLISHED: SEP 25, 2015

    http://nationalpost.com/news/politic...ta-on-steroids
    Last edited by KC; 02-03-2018 at 06:13 AM.

  49. #49

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    Trump seeks tariffs, says 'trade wars are good'

    WASHINGTON -- U.S. President Donald Trump on Friday declared "trade wars are good, and easy to win," a bold claim that will likely find many skeptics, including those on Wall Street and even some Republicans.

    Trump has declared that the U.S. will impose steep tariffs on steel and aluminum imports, escalating tensions with China and other trading partners and raising the prospect of higher prices for American consumers and companies. With tensions rising over international trade, stocks closed sharply lower on Wall Street. China on Friday expressed "grave concern."
    https://www.ctvnews.ca/business/trum...good-1.3825601

    Memo: No one wins in trade war. The consumer ends up paying higher prices.
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    George W Bush did the same thing as Trump is about to do back in 2002. A study was done shortly afterwards and tariffs on steel and aluminum at that time went and lost ~ 200,000 US jobs.

    America doesn't produce much aluminum on its own apparently, which is why it needs to import aluminum, to build ships etc. US aluminum has really tapped off over the last number of years.

    If Trump wants a war, we should just deny them our aluminum. Its not as easy as that, but its just a thought.
    Last edited by envaneo; 03-03-2018 at 02:10 AM.
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  51. #51

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    Steel tariffs a concern in Alberta | CTV Calgary News
    Excerpt:
    “It may not be Alberta’s biggest industry but an extra tax on steel could have implications right across the province.
    “It's hard to put an exact number on it,” says David MacLean with Canadian Manufacturers and Exporters. “We estimate the value of steel exports from Alberta to U.S. are in the hundreds of millions of dollars so there’s a lot of jobs at stake, a lot of investment.”

    https://calgary.ctvnews.ca/steel-tar...erta-1.3830429

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    ^ Or, maybe we should do nothing.

    Here's something else we could try:

    http://nationalpost.com/opinion/andr...#comments-area
    Last edited by envaneo; 06-03-2018 at 02:00 AM.
    Mom said I should not talk to cretins!

  53. #53

    Default

    Or we could do like Stephen Harper suggests and simply give the US whatever they ask for.

    Ex-PM Stephen Harper pens memo slamming Trudeau government over NAFTA talks
    The memo, titled “Napping on NAFTA,” says the Liberal government’s negotiations with the U.S. are going “very badly.”

    “I fear that the NAFTA renegotiation is going very badly. I also believe that President (Donald) Trump’s threat to terminate NAFTA is not a bluff ... I believe this threat is real. Therefore, Canada’s government needs to get its head around this reality: it does not matter whether current American proposals are worse than what we have now. What matters in evaluating them is whether it is worth having a trade agreement with the Americans or not.”

    https://www.thestar.com/news/canada/...fta-talks.html
    Of course, Harper is the same guy that wrote an editorial in the Wall Street Journal trashing the Canadian Government for not going along with the invasion of Iraq.

  54. #54

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    Meanwhile, in Washington D.C.....
    Gary Cohn Will Resign as Trump’s Chief Economic Adviser
    President Trump’s threat to impose steep tariffs was reportedly the breaking point.


    Gary Cohn, President Donald Trump’s chief economic adviser, is leaving the White House.


    The New York Times reported on Tuesday that the former Goldman Sachs executive is planning to resign in the coming weeks, concluding months of speculation over how long Cohn would remain in the role. His departure came after Trump announced his plan to impose steep tariffs on steel and aluminum imports—an announcement that marked a major loss for Cohn, who had been strongly opposed to the idea.

    https://www.motherjones.com/politics...nomic-adviser/

  55. #55

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    A couple interesting headlines:

    NAFTA termination could result in loss of 85k jobs in Canada: report - National ...
    https://globalnews.ca › news › n...
    2 days ago · Its analysis says real merchandise exports would fall by $8.9 billion or 1.8 per cent in the year following a NAFTA collapse, with the largest impact on motor vehicle ...

    NAFTA termination would have modest impact on economy: Conference Board ...
    www.cbc.ca › news › politics
    2 days ago - National flags representing Canada, Mexico and the U.S. are lit by stage lights at NAFTA renegotiations in Mexico City on Sept. 5, 2017. The Conference Board of ...“




    Termination of NAFTA would result in modest short-term economic impact for Canada

    https://www.newswire.ca/news-release...676362463.html
    Last edited by KC; 10-03-2018 at 10:13 PM.

  56. #56
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    When George Bush back in 2002 imposed tariff's on steel & aluminum back in 2002, the executive order last 21 months because it was costing ~ 200,000 jobs to the US.

    If Trump pulls out of Nafta it would result in the loss of almost 1 million US jobs, and the loss of ~ $189B to the US economy.

    https://www.huffingtonpost.com/lori-...b_4550207.html
    Mom said I should not talk to cretins!

  57. #57

    Default

    Quote Originally Posted by envaneo View Post
    When George Bush back in 2002 imposed tariff's on steel & aluminum back in 2002, the executive order last 21 months because it was costing ~ 200,000 jobs to the US.

    If Trump pulls out of Nafta it would result in the loss of almost 1 million US jobs, and the loss of ~ $189B to the US economy.

    https://www.huffingtonpost.com/lori-...b_4550207.html
    I doubt it. If NAFTA was dumped, trade would still occur and other deals would replace it. The US did pretty well up until NAFTA and so did Canada. Trade deals change the scale of production and the degree of specialization but also eliminate some high cost domestic businesses that otherwise diversify the economy and increase the economy’s self-sufficiency.

    We should all be somewhat agnostic towards the faith that free trade is a solution to all our problems. Most things in economics have downsides as well as upsides. Eg pollution, deforestation, resource depletion, pockets of poverty, sudden key industry failures, etc. When we gain from free trade we then refuse to allocate some of the gains to the losers of fee trade...





    I guess we never appreciated our political brains.


    ‘Brutal’ Canada has ‘outsmarted our politicians for decades,’ Trump says | Toronto Star

    https://www.thestar.com/news/world/2...rump-says.html
    Last edited by KC; 11-03-2018 at 10:15 AM.

  58. #58

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    I wish our Federal Government put half as much effort in getting the pipelines built as it did for protecting steel and aluminum....

  59. #59
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    ^^ Can't speak much abt Mexico. We're a nation of ~ 30 million people against that of the US population of ~ 250 million. There's probably a link posted here and I just woke up but Canada's trade with the US is 75%. The US trade with us is abt 25%. Add Mexico in there and that's probably ~ 50% of all US trade. If history is any indication, making any kind of changes to Nafta would have more of an impact on the US. We all know the old adage, "Those that fail to learn the lessons of history....."


    ^ Actually (as a Conservative, they are.) Keep in mind Nafta is a lot older then the current round of steel & aluminum tariff's imposed on by Trump. These are 2 different topics.

    As for the Kinder Morgan pipeline, not even yesterday's polarizing issue could stop the other voice that didn't protest to the University from holding their own rally.
    Mom said I should not talk to cretins!

  60. #60

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    From a Trump thread:

    Quote Originally Posted by kkozoriz View Post
    He admits that he just pulls his "facts" out of his ***.

    ‘I didn’t even know’: Trump boasts about making up information during meeting with Canada’s Trudeau

    “Trudeau came to see me—he’s a good guy, Justin,” Trump said at the fundraiser, according to audio reviewed by the Post. “He said, ‘No, no, we have no trade deficit with you, we have none. Donald, please.’”


    “Nice guy, good-looking guy, comes in—‘Donald, we have no trade deficit,’” Trump continued. “He’s very proud because everybody else, you know, we’re getting killed.”


    Trump bragged to GOP donors that he told “proud” Trudeau, “wrong, Justin, you do.”


    “I didn’t even know,” Trump admitted. “… I had no idea. I just said, ‘You’re wrong.’ You know why? Because we’re so stupid.”

    https://www.rawstory.com/2018/03/did...nadas-trudeau/

  61. #61
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    Ok, I'm not that well versed on US politics but when your political leader comes out and says "we're stupid, another country outsmarted us." How does that enforce confidence in all sectors of a Nation? For good or bad if a leader is week, it should be the responsibility of the Government to uplift him/her. If the leader is strong, then pride in ones country comes through. And that should be in anything in my books.
    Mom said I should not talk to cretins!

  62. #62

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    When Trump says "We're so stupid", he means "You're so stupid and only I can fix it"

  63. #63
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    I'm pretty sure he included himself as in plural. If he doesn't know (I should hope he knows) that trading with other partners/countries is not a one way street. A partnership is a relationship. Its trust, balance. Its not 60 for me and 40 for you.
    Mom said I should not talk to cretins!

  64. #64

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    No, he doesn't know. Currently, 62% of each car manufactured in the NAFTA block must made up of parts made in the three countries. It doesn't matter which one, just so long as 62% was made here.

    Trump is pushing to increase that to 85% and 50% MUST come from the United States, leaving 35 percent maximum to be split between the three countries.

    Why Trump has U.S. car companies worried about NAFTA
    http://money.cnn.com/2017/11/28/news...fta/index.html

  65. #65
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    If anything Trump is creating a lot of enemies. His Tariffs on steel and aluminum will back fire on him. It did when Bush did the same thing in 2002.
    Mom said I should not talk to cretins!

  66. #66

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    Cost of Living in Canada. Prices in Canada. Updated Jun 2018

    https://www.numbeo.com/cost-of-livin...country=Canada

  67. #67

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    Quote Originally Posted by envaneo View Post
    If anything Trump is creating a lot of enemies. His Tariffs on steel and aluminum will back fire on him. It did when Bush did the same thing in 2002.
    It may create a lot of new jobs if it brings steel manufacturing back to thdthe US.

    Free Trade adds a lot of efficiencies and increases in standards of living among the winning sectors, but protectionism and it’s inefficiencies can also do a whole lot of interesting things too.

  68. #68
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    Quote Originally Posted by KC View Post
    Quote Originally Posted by envaneo View Post
    If anything Trump is creating a lot of enemies. His Tariffs on steel and aluminum will back fire on him. It did when Bush did the same thing in 2002.
    It may create a lot of new jobs if it brings steel manufacturing back to thdthe US.

    Free Trade adds a lot of efficiencies and increases in standards of living among the winning sectors, but protectionism and it’s inefficiencies can also do a whole lot of interesting things too.
    it’s also interesting to think about where those new jobs would actually be...

    my guess is more of those jobs would be in coal mining and transportation than in steel manufacturing per se but either way all three are parts of trump’s perceived base.
    "If you did not want much, there was plenty." Harper Lee

  69. #69

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    Here in Alberta we love it when oil is driving the economy and our specialization in the sector maximizes our return. However, when the tide turns, we’re begging for the benefits of diversification.

    In the investment world, not many advisors recommend extreme concentration of investments even though that’s the way to: maximize returns, know the most about a business, etc. You just have to pick the winners. Either a single long term winner or one winner after another as they go from winning to losing. No problem.

    Interestingly, free trade doctrine says that every country and every region can pick the winner for their own economy, and if that winner fails, another winner will come right along. The lower returns that diversification, by definition, would deliver, is undesirable. Just concentrate on the sector(s) or parts of a sector, where you have the competitive advantage and all will be well.

    So, when the 40 or 50 year olds that suddenly loose their jobs to foreign competition ( or crashing commodity prices, technological innovation, foreign cheating or out maneuvering), simply retrain, sell everything for top dollar in their collapsing local economy, move and start over. All will be well.


    U.S. has lost 5 million manufacturing jobs since 2000
    By Heather Long March 29, 2016

    “...
    Manufacturing jobs in the U.S. actually increased in the years after the North America Free Trade Agreement with Mexico and Canada went into effect in 1994.

    But the story changed dramatically in 2000. Since then, the U.S. has shed 5 million manufacturing jobs, a fact opponents of free trade mention often....”

    “In 1960, about one in four American workers had a job in manufacturing. Today fewer than one in 10 are employed in the sector, according to government data.

    Call it the Great Shift. Workers transitioned from the fields to the factories. Now they are moving from factories to service counters and health care centers. The fastest growing jobs in America now are nurses, personal care aides, cooks, waiters, retail salespersons and operations managers.”

    http://money.cnn.com/2016/03/29/news...obs/index.html

    Ghost Towns of the 21st Century
    ALANA SEMUELS OCT 20, 2015

    “What we say here about NAFTA [the North American Free Trade Agreement] is, I cannot tell you if it’s good for the country, but I can tell you that it’s not good for Carroll County,” said Brad Hurley, who grew up in Bruceton and is now the president of the Carroll County Chamber of Commerce, as he drove me down the mostly abandoned main street of Bruceton. He’s lived in town all his life and worked at the H.I.S. plant some summers; his mother and brother worked there for decades. But the town he sees now is a shadow of what it once was, and other towns in Carroll County, and indeed much of rural Tennessee, are struggling too.

    ...
    All trade deals have winners and losers, but towns such as Bruceton, which haven’t rebounded after more than a decade raise an important question: If trade is good for the nation, why have the benefits still not reached these towns?

    “We’ve got an awful lot of people who have been displaced, including low-skill workers who have just not had good options,” said Wally Hopp, a professor at Michigan’s Ross School of Business. As low-skilled manufacturing jobs have left, he said, “the knowledge-worker class is doing better and better, and the labor-worker class is doing worse.”


    https://www.citylab.com/life/2015/10...entury/411475/

    In the article below, note that this is after the massive government bailouts just 8 to 10 years ago. Also note the public expenditures. Subsidies, engineering schools, etc. Basically massive financial bets being made and the provision of market supports or infrastructure - not by the free trading private sector but by the public sector and communities.

    Why Canadian factories are losing out to the U.S. - Macleans.ca

    Since 2006, it has lost more than 355,000 manufacturing jobs—80,000 in the past year. Canada’s automotive industry has been particularly hard hit, and it’s unlikely to see a resurgence any time soon, says George Magliano, head of North American automotive research for IHS Global Insight. In 2000, Canada produced nearly 17 per cent of the.. light cars and trucks in North America. By 2020, ...Canada’s share of that will fall to just 10 per cent.

    ...

    Enter Memphis, struggling with high unemployment and anxious to rebuild its industrial base. Its offer to Electrolux included a brand new $190-million factory paid for almost entirely with public money, generous tax breaks and a non-unionized workforce willing to work for a starting wage of $13.50 an hour compared to a base wage of $19.28 in Quebec. Not only would the municipal government help recruit the 1,200 employees, it would pay to train them at a local community college.

    In total, the package was worth as much as $300 million, or nearly $200,000 per worker. That’s more than the Canadian government’s entire $200-million fund for advanced manufacturing in Ontario, announced in this year’s budget. It was also far more generous than anything local authorities in L’Assomption could possibly offer, says Stephane Paré, director of business services with L’Assomption’s economic development agency.
    ...



    Nor has it been difficult to find skilled workers, he says. Bromont is surrounded by five engineering schools, and employee turnover in Quebec has traditionally been low as workers prefer to stay in their home province.
    ...”

    https://www.macleans.ca/economy/busi...ut-to-the-u-s/

    Bolding mine
    Last edited by KC; 03-06-2018 at 04:25 PM.

  70. #70

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    'Zombie NAFTA': What happens if Trump tears up trade deal | CBC News
    http://www.cbc.ca/news/business/arms...afta-1.4695769

  71. #71

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    The $1.4 Trillion U.S. ‘Surplus’ That Trump’s Not Talking About
    Bloomberg News
    June 11, 2018

    Excerpts:

    “The U.S. has a surplus of $20 billion with China and $1.4 trillion with the rest of the world.

    “That’s not a normal trade balance, of course, where the U.S. registered an annual deficit of more than $330 billion with China and about $550 billion with the world last year, but an "aggregate sales surplus" which measures both direct trade and the sales of multinational companies, according to research by Deutsche Bank AG.

    “Just looking at the goods and services trade deficit is misleading and doesn’t capture the true size of U.S. business interests, according to Deutsche Bank economists. While trade and corporate data aren’t usually combined, if you add up all trade data, sales by U.S. companies in foreign countries and foreign firms in the U.S., "U.S. companies have sold more to the rest of the world than other countries have sold to the U.S. in the past ten years," writes chief China economist Zhang Zhiwei in the report.
    ...

    For China, the image of a massive trade deficit with the U.S. "is at odds with the fact that Chinese consumers own more iPhones and buy more General Motors cars than U.S. consumers," wrote Zhang in the report. "These cars and phones are sold to China not through U.S. exports but through Chinese subsidiaries of multinational enterprises."
    ...”

    https://www.bloomberg.com/news/artic...-talking-about

  72. #72
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    What was the US economy worth in $2017? I read it was something like at least $200+ Trillion. So $1.4 Trillion is a drop in the bucket. Ours meanwhile I think if memory serves is something like around $2 Trillion GDP. The only hope we have against a massive US trade war, is either regime change, or hope that cooler heads prevail over the next 3 years or sooner.
    Mom said I should not talk to cretins!

  73. #73

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    Or adjust our expectations, reduce imports under any one specific trade deal, diversify exports and export markets and overall develop less reliance on trade if we can’t stand the volatility that can come with trading partners flip flopping on deals.

  74. #74

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    The US imports 89% of the uranium they need. Of those imports, Canada provides 25%. Australia adds 20%. If just the two countries stop uranium exports, US supply would be cut almost in half. That would affect power generation as well as the military.

    From the US Energy Information Administration:

    The United States imports most of the uranium it uses as fuel
    Owners and operators of U.S. nuclear power reactors purchased the equivalent of 50.6 million pounds of uranium in 2016. About 11% of the uranium delivered to U.S. reactors in 2016 was produced in the United States and 89% came from other countries.


    Sources and shares of purchases of uranium produced in foreign countries in 2016:


    Canada–25%
    Kazakhstan–24%
    Australia–20%
    Russia–14%
    Uzbekistan–4%
    Malawi, Namibia, Niger, and South Africa–10%
    Brazil, Bulgaria, China, Czech Republic, Germany, and Ukraine–2%

    https://www.eia.gov/energyexplained/...=nuclear_where
    Last edited by kkozoriz; 12-06-2018 at 02:03 PM.

  75. #75

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    Isn't it obvious?

    NAFTA-II should exclude the USA.

  76. #76
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    Quote Originally Posted by envaneo View Post
    What was the US economy worth in $2017? I read it was something like at least $200+ Trillion. So $1.4 Trillion is a drop in the bucket. Ours meanwhile I think if memory serves is something like around $2 Trillion GDP. The only hope we have against a massive US trade war, is either regime change, or hope that cooler heads prevail over the next 3 years or sooner.
    U.S. GDP in 2017 was about $20 Trillion, not $200.
    https://www.google.ca/search?q=u.s.+...hrome&ie=UTF-8

    Canada's tariff on dairy products is up to 270%, the U.S. has a legitimate complaint in this regard.
    https://www.theatlantic.com/internat...-dairy/562508/

  77. #77
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    Oops, I somehow added an extra 0 there I meant $20T
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  78. #78

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    Deleted due to duplicating post material
    Last edited by KC; 18-06-2018 at 04:54 PM.

  79. #79

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    On supply management this is interesting. The US history of supply management ended only relatively recently. Replaced by other benefits. The more things change the more they remain the same - just called something else.


    United
 States 
Farm 
Bill

    Historical 
perspectives 
and 
contemporary
 recommendations

    Madeleine
 Morley




    http://www.madeleinemorley.com/uploa...esfarmbill.pdf




    What the 2018 farm bill means for urban, suburban and rural America

    January 16, 2018
    Tom Vilsack

    Excerpts:

    “Helping farmers compete

    Of course the farm bill helps farmers, ranchers and producers. It provides credit for beginning farmers to get started. It protects against farm losses due to natural disasters through disaster assistance and crop insurance. It provides a cushion for the individual farmer if he or she suffers a poor yield or low prices, through a series of farm payment programs tied to specific commodities.

    Agricultural trade is critically important to the bottom line for U.S. farmers, ranchers and producers. More than 20 percent of all U.S. agricultural production is exported. Agricultural exports are projected to account for one-third of farm income in 2017.

    The farm bill authorizes market access promotion and export credit guarantee programs that are key for promoting exports and generating farm income from exports. These programs provide resources to exporting businesses to aggressively market American agricultural products overseas, and to enable exporters to price our products more competitively on the world market...”


    “Boosting rural economic development

    Only 15 percent of America’s population lives in rural areas, but as the bumper sticker reminds us, “No farms, no food.” The farm bill helps make it possible for people who want to farm to stay on the land by funding supporting jobs that provide a second income. It also provides resources to improve the quality of life in rural places.

    Since 2009, programs authorized through the farm bill have helped over 1.2 million families obtain home loans; provided six million rural residents with access to improved broadband service; enabled 791,000 workers to find jobs; and improved drinking water systems that serve 19.5 million Americans.

    The farm bill also supports our national ...”

    https://theconversation.com/what-the...-america-89605
    Last edited by KC; 18-06-2018 at 04:40 PM.

  80. #80

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    Wilbur Ross Admits Canadian Steel Is Not A Security Threat To U.S.
    He faced a grilling from Republicans and Democrats over tariffs.
    https://www.huffingtonpost.ca/2018/0...el_a_23463975/
    The U.S. commerce secretary says Canada is not a national security threat and that a revitalized NAFTA could make the Trump administration's tariffs on steel and aluminum go away.

    Wilbur Ross also acknowledged Wednesday that the U.S. doesn't have a trade deficit on steel with Canada — in fact, he says, it has a surplus with its northern neighbour in terms of dollar value.

    Under grilling by Republicans and Democrats in Washington, Ross heard concerns that looming retaliatory tariffs by allies, including Canada, Mexico and the European Union, would kill American jobs and drive up prices for consumers.

    He made the remarks to a U.S. Senate committee examining tariffs imposed by President Donald Trump on some of that country's closest partners, based on the premise they are threats to American national security under the controversial Section 232 of U.S. trade law.

    Ross played down Trump's national security rationale, and instead linked the tariffs to the unresolved renegotiation of the North American Free Trade Agreement.

    "The Canadian steel industry is not being accused of directly and individually being a security threat.... The national security implication is in the aggregate, all of the steel," Ross testified.
    Ross said Canada and Mexico were initially exempted from the national security tariffs "pending negotiations of NAFTA overall."
    Advocating a better Edmonton through effective, efficient and economical transit.

  81. #81

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    Finding GMO wheat in a ditch along a well site road far from where it was ever tested is interesting. What are the odds?


    Also, just like the massive Mad Cow fiasco, it’s another harsh lesson that you don’t F_ _ _ k with your brand.



    Grain Markets in Unprecedented Territory - FarmLead

    ““I’m particularly interested in black swan events: unprecedented surprises that destroy the conventional wisdom about how the world works.” – Paolo Bacigalupi (American Author)”


    “Also on the trade front is the immediate ban of Canadian wheat purchases by Japan after it was announced that some GM varieties were found in an Alberta ditch. This is an interesting development for the 6-million-tonne market that is Japanese wheat imports.

    That’s because Canada was on the verge of picking up market share in Japan thanks to the TPP. With the United States not engaged in the trade deal, the ~50% market share held by the U.S. in the Japanese market is up for grabs. Canada looked poised to benefit, but now it appears that Australia will generate sales to the market. It’s entirely possible that the United States could move to rejoin the TPP. With this opening, the talk from the Trump administration in recent weeks might turn to action ...”

    https://farmlead.com/blog/breakfast-...ory-trade-war/

    Years later - still a problem:

    Small amount of feed likely cause of Alberta mad cow disease case: CFIA | CTV News

    November 30, 2015

    EDMONTON -- Canada's food safety watchdog says a small amount of leftover contaminated feed was the most plausible cause of mad cow disease discovered in a cow last winter on an Alberta farm.
    ..”
    https://www.ctvnews.ca/mobile/canada...cfia-1.2680468


    It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. - Warren Buffett
    Last edited by KC; 21-06-2018 at 08:17 AM.

  82. #82

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    I was living in Vegas during the mad cow outbreak. When the news broke, people were concerned. When Klein uttered any "self-respecting rancher would have shot, shovelled and shut up" is when every restaurant gave up on Alberta beef. Smith & Wollensky was right in the middle of a months long promo touting Alberta beef. That promo disappeared overnight.

  83. #83
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    Except with mad cow disease, there are legitimate and significant health concerns. With this GMO wheat, despite it not being approved for human consumption, there's basically zero legitimate health concern.

  84. #84

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    1 - That is currently known. GMOs are new and we're not sure how they will react being out in the wild. Remember the law of unintended consequences. The problem with GMO plants is that once they're in the real world, they'll be almost impossible to get rid of even if serious side effects to people, plant, animals or insects are shown.

    2 - It is against the law to import GMO wheat into numerous countries. They have the right to prevent the imports across their borders.

  85. #85

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    I’ve heard people say that Canada should play hardball with the US by cutting oil exports. I don’t think they know how the world has changed.


    THE UNITED STATES AGAIN HOLDS MORE RECOVERABLE OIL THAN SAUDI ARABIA
    June 15, 2018

    “The United States has again surpassed Saudi Arabia as the world’s largest holder of recoverable oil, according to research and data expert Rystad Energy. The US has added close to 50 billion barrels over the last year and now holds an estimated 310 billion barrels of recoverable oil with current technologies, equal to 79 years of US oil production at present output levels.
    ...
    In terms of already discovered oil, Saudi Arabia is still far ahead of all other countries, with 246 billion barrels of discovered oil, 90 billion barrels more than the US. “...

    https://www.rystadenergy.com/newseve...coverable-oil/
    Last edited by KC; 23-06-2018 at 11:13 AM.

  86. #86
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    What Canada has is Uranium. About 25% of America's nuclear energy comes from Canada Uranium. We also export a lot of electricity to the US as well. Not just that but 35/50 states have Canada as their largest exporter.

    http://www.connect2edmonton.ca/showt...601#post890601

    If Trump pulls out of Nafta, this could be an opertunity.
    Mom said I should not talk to cretins!

  87. #87

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    U.S. trade czar Robert Lighthizer calls Canada national security threat in defence of steel tariffs
    BY THE CANADIAN PRESS
    ORIGINALLY PUBLISHED: JUL 26, 2018


    https://business.financialpost.com/n...-steel-tariffs

  88. #88

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    Yup, Canada is now apparently a terrorist organization.

    Republican congressman accuses Canada of ‘economic terrorism’

    WASHINGTON — A Republican congressman says Canada has committed “economic terrorism” by imposing tariffs on U.S. agricultural products.


    “We knew that Europe, China, Canada and Mexico would go after American ag. That’s how they try to take us down. This is, I think, economic terrorism in a way,” Wisconsin Rep. Sean Duffy said on Fox News on Wednesday. “They want to shock us into submission by going after our ag instead of saying you know what, let’s reduce barriers.”

    https://www.thestar.com/news/world/2...terrorism.html
    Last edited by kkozoriz; 27-07-2018 at 12:45 PM.

  89. #89

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    A Slippery, $39 Billion Slope: New Data Analysis Makes Case for Trade, Not Aid | U.S. Chamber of Commerce

    https://www.uschamber.com/series/abo...-trade-not-aid

  90. #90

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    The USA has shown itself to be a malicious and untrustworthy entity.

    No NAFTA at all is much better than any NAFTA.

    If you run a business, find other markets for whatever it is you sell.

    If you don't, realize once and for all that whatever job you have or seek, the existence of the USA and its random and wanton demands only makes it less secure than it would be otherwise.

  91. #91

    Default

    Quote Originally Posted by AShetsen View Post
    The USA has shown itself to be a malicious and untrustworthy entity.

    No NAFTA at all is much better than any NAFTA.

    If you run a business, find other markets for whatever it is you sell.

    If you don't, realize once and for all that whatever job you have or seek, the existence of the USA and its random and wanton demands only makes it less secure than it would be otherwise.
    You seem to have a dislike for the US.

  92. #92
    I'd rather C2E than work!
    Join Date
    Dec 2006
    Location
    edmonton
    Posts
    4,583

    Default

    So, what stunt is being pulled now? Canada ignored.
    https://www.msn.com/en-ca/money/othe...ada/vp-BBLkhxV
    Nisi Dominus Frustra

  93. #93

    Default

    The Trump Administration is rudderless and incompetent. They are throwing things against the wall and hoping something sticks. If they don't get their way, Trump tweets how bad we are and then cozies up to his next bromance until he grabs them by the pussy. Trump throws everyone under the bus and nobody trust him or his administration.
    Advocating a better Edmonton through effective, efficient and economical transit.

  94. #94
    C2E Stole my Heart!!!!
    Join Date
    May 2008
    Location
    Clareview
    Posts
    9,143

    Default

    Speaking of a terrorist state in the trade scheme of things, America is a terrorist nation. Look how its attacking the world through trade. Are the US mid term elections here yet?
    Mom said I should not talk to cretins!

  95. #95

    Default

    96 days to go.

  96. #96

    Default

    Nafta Deal Wraps Up, Three Things to Keep in Mind on Trade - Bloomberg

    https://www.bloomberg.com/news/artic...game-plays-out

  97. #97

    Default

    Nafta Deal Wraps Up, Three Things to Keep in Mind on Trade - Bloomberg


    “The rules governing trade votes on Capitol Hill require presidential administrations, which negotiate deals under the authority of Congress, to jump through a number of hoops. Within 105 days after a trade agreement is signed, government economists must present their assessment of the economic impact of the deal, for example. Congress also has 90 days in session to vote on a deal. For those reasons, even if things go smoothly, the ratification in the U.S. is unlikely to happen before the second quarter of next year.

    That assumes things go smoothly. One big unknown is who will control Congress in 2019. If Democrats win a majority in the House of Representatives in November’s midterm elections, will they be willing to back Trump’s new Nafta? Or will they play politics and claim he has betrayed his promises to bring factories and jobs home from Mexico?”

    https://www.bloomberg.com/news/artic...game-plays-out

  98. #98

    Default

    The best course for Canada is to ignore his childish posing and vigorously pursue other trading partners
    Neil Macdonald · CBC News · Posted: Sep 05, 2018

    https://www.cbc.ca/news/opinion/trum...ions-1.4810059

  99. #99

    Default

    And cut off all Uranium exports.

  100. #100

    Default

    I think it needs to contain more feminism, gender identity, social justice activism and diversity.

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