Canada and the United States have announced an agreement in principle on a new US-Mexico-Canada free trade agreement (USMCA). The University of Waterloo has experts available to speak with the media today on the proposed agreement and what it could mean for Canada.
Bruce Muirhead – Agriculture and dairy systems and supply management
Prof. Muirhead specializes in the areas of trade with a specific focus on supply management in the areas of dairy and eggs.
“ While the USMCA might not be viewed as a wrecking ball to the Canadian economy, for dairy and eggs, it is not good. Canada’s excellent system of supply management remains under siege with what might be viewed as a continuing trajectory of death by a thousand cuts.
“In the case of dairy, it is incumbent upon US farmers to get their own house in order by reducing oversupply caused by too much milk. They hope to sort out their issues on the backs of hard-working Canadian dairy, who are not part of their problem.”
Aaron Ettinger – Political Science
Prof. Ettinger specializes in US foreign policy.
“The new agreement avoids some of the worst-case scenarios we imagined when Trump reopened NAFTA. At the same time, Canada made important concessions in politically charged areas to preserve access to the US market. We're all going to find out if this deal is better than no deal at all.”