560 CFOS

560 CFOS

Tuesday, October 2, 2018

MPP Bill Walker on USMCA Deal

Owen Sound | by Travis Jackson  

MPP Walker says he is relieved that a deal was finalized, but cited lingering concerns.

As we know, a new trilateral deal has been reached between the U-S, Mexico, and Canada, appropriately dubbed the ''USMCA trade deal'' 

Bruce-Grey-Owen Sound MPP Bill Walker says he was very pleased that NAFTA did not fall apart, and says we can ''breathe an air of relief and move forward with confidence that we have a deal in place.''

He did note that we should be concerned about aluminum and steel tariffs that remain in place.

There is still a 25 per cent tariff on Canadian steel, and 10 per cent tariff on Canadian aluminum which could have a major effect on the automotive industry.

Concessions made on dairy mean that the United States will be allowed the export more dairy products to Canada, and that means that Canadian farmers will be producing less, as the quota allotments in our supply management system say how much product farmers are allowed to produce and sell.

MPP Walker says that Premier Doug Ford expects the federal government to ''step and make sure that our industries that still have concerns are treated properly''.

Walker says that they will closely monitor the impacts of the new USMCA deal, and work closely with the Dairy Farmers of Ontario to help fight for their rights and the betterment of the agriculture sector in Canada.

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