Legislation required to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — better known as the CPTPP — was tabled in the House of Commons on Thursday morning. “The momentum of our progressive trade agenda continues with this next important step on CPTPP. We negotiated the best deal for Canadians from coast to coast... Read More
Category: Trade
What exactly was said behind closed doors we may never know, but shortly after the G7 meeting held at Charlevoix, Quebec, both Prime Minister Justin Trudeau and U.S. President Donald Trump made very public statements signalling an escalation of trade friction between the two countries. Trump's annoyance with Canada's supply management system (at least when... Read More
The Canadian government intends to table legislation to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) before the House of Commons rises for summer. International Trade Minister François-Philippe Champagne appeared before the House trade committee on Tuesday morning, where he confirmed the government's plan to bring forward the bill to implement the Pacific... Read More
The Canadian government was on the media offensive this past weekend, after the U.S. administration applied steel and aluminum tariffs to imports from Canada while justifying the move as a national security issue. "What you are saying to us and all of your NATO allies is that we somehow represent a national security threat to... Read More
Steel prices in North America are on the rise and the impacts are just beginning to be felt in farm country. In the U.S., steel prices were already up 37% year to date and expected to go higher with the imposition of 25% import tariffs on steel from Canada and Mexico. According to the Financial... Read More
The Canadian government was quick to announce $16.6 billion in retaliatory tariffs after U.S. Commerce Secretary Wilbur Ross confirmed that Canada, Mexico, and the EU will lose their exemptions to 25 percent and 10 percent tariffs on steel and aluminum, as of June 1. The escalation comes as NAFTA negotiations appear to have stalled. Prime... Read More
In a relatively short period of time the potential U.S./China trade war has shifted to becoming a "trade truce." In potentially very good news for U.S. farmers, agricultural commodities could be one of the major beneficiaries. President Donald Trump is demanding an additional $25 billion in U.S. ag exports to China, USDA Secretary Sonny Perdue... Read More
The Canadian government has taken a step toward ratifying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). International Trade Minister François-Philippe Champagne tabled the text of the 11-country trade deal in the House of Commons on Tuesday. However, the government must still introduce and pass a bill to implement the agreement before Canada can... Read More
Last week we heard House Speaker Paul Ryan (R-WI) lay down a Congressional schedule deadline for a NAFTA 2.0 deal of May 17th. The negotiators did not meet the deadline and in fact, it was ignored like it never existed. Each country is spinning their version of what is left to do to complete this... Read More
Nearly all of Canada's international trade negotiations, at some point, involve discussions about the future of supply management for our dairy and poultry sectors. We've heard the U.S. dairy industry push hard against the supply management system for dairy in NAFTA 2.0 talks, especially Canada's new class 7 pricing. Some Canadians cheer this U.S. rhetoric... Read More