Published: Sat, October 06, 2018
Markets | By Noel Gibbs

Trudeau pledges compensation for dairy farmers hit by USMCA deal

Trudeau pledges compensation for dairy farmers hit by USMCA deal

The almost 150-page report, seen by Reuters on Thursday ahead of its formal release on Friday, concluded there are almost 300 vulnerabilities that could affect critical materials and components essential to the USA military.

Washington has long identified China as a major culprit in the cyber hacking of US government and corporate databases but USA officials and independent analysts say they have not detected the kind of systematic manipulation of social media and hacking of emails that Russian Federation is alleged to have engaged in during the 2016 election, which Trump won.

HOPE KIRWAN, BYLINE: I'm standing in the exhibition hall at the World Dairy Expo.

Vancouver Island dairy farmers are dismayed that Canada is giving up a chunk of its dairy-market share to American competitors.

KIRWAN: That's dairy farmer Katie Ziemer.

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He said it will be beneficial to farmers who were previously anxious about trade with Canada and Mexico. We don't know that yet, but there are market gains, so that is promising. "The supplement, created to look like news articles, cast our trade policies as reckless and harmful to Iowans".

"The Chinese military will resolutely perform its defense duties and continue to take all necessary measures to safeguard our sovereignty and the regional peace and stability", Wu said.

It's not only American dairy farmers who are getting more access to the Canadian market.

The administration is pushing for trade talks with other nations and plans to use its new agreement with Canada and Mexico as a blueprint for the future negotiations, The Wall Street Journal is reporting. Overall, "the main result of his sound and fury over Nafta is diminished United States sway in the world".

The report cited what it said were sometimes unfair and unlawful Chinese efforts to undermine USA industry through a host of strategies, including by subsidizing exports at artificially low prices and stealing US technology. The goal was to boost domestic sales.

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A Chinese foreign ministry spokeswoman, Hua Chunying, said Beijing objected to Pence's "groundless" allegations and urged the U.S.to stop hurting ties between the two countries. While those sales only represented about 1 percent of Wisconsin's annual milk production, the shock of seeing farmers lose their buyers overnight sparked national efforts to oppose Canada's move. This landmark agreement will send cash and jobs pouring into the United States and into North America. Mark Stephenson heads dairy policy analysis at the University of Wisconsin-Madison.

Gaunce says even after 38 years of being a dairy farmer, this deal is now making him rethink his lifestyle. It was about other markets, too. Eliminates the unfair "Class 7" program which allowed Canada to undersell the United States' dairy products. And that began to compete directly with US export sales.

Ottawa then agreed in the 11-country Trans-Pacific Partnership free trade deal to give the other participating nations market access to 3.25 per cent of Canada's annual dairy market and around two per cent of its egg and poultry markets.

You could say it's a glass half full situation for US farmers.

The Vice-President of the Canadian Global Affairs Institute is confident a new trilateral North American trade agreement will help bolster investor confidence in Canada. Wisconsin dairy farmer Mark Heinze lost his milk buyer past year because of Canada's move. "The occupation list is antiquated and doesn't reflect business realities", said Berezowski, who is also licensed to practise law in the state of NY.

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MARK HEINZE: There are some pretty major problems in the dairy industry and in agriculture in general right now.

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