US/China Trade Negotiations Continue

Jan 16, 2020

It's a big week for trade in the US, and Canada will be impacted on both fronts.

On Wednesday, the US and China signed the first phase of their new trade deal. The US still plans to keep the tariff war going for now, while phase 2 of the trade deal is worked out.

On the 2nd front, The US Senate is expected to vote today on the new NAFTA.

The expected vote promises sweeping bipartisan support for the legislation that will replace the original NAFTA. Most farm groups in Canada support the deal, but Canada's supply-managed dairy industry isn't as excited.

They're being forced to give up more market share to the US. The Trudeau government has been promising them billions in compensation for the loss of that market share.

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Hard work made truly comfortable? Challenge accepted. 💪

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