Justin Trudeau called Sunday “a good day for Canada,” as he left a late-night cabinet meeting in Ottawa that capped several days of frenetic long-distance talks that culminated in an updated North American free trade deal.
More than a year after opening talks to modernize the 24-year-old trilateral trade agreement, an 11th-hour deal was reached Sunday night that allows Canada to rejoin the new deal reached recently with the U.S. and Mexico.
The new deal is being called “The United States-Mexico-Canada Agreement” — or the U-S-M-C-A.
The deal preserves key dispute-resolution mechanisms the U-S wanted to ditch, but it doesn’t directly deal with tariffs on steel and aluminum.
While it does preserve supply management in Canada, it includes wider access to our market for U.S. dairy producers.
More to come.