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Canada files WTO trade complaint against the US; prepares for NAFTA exit

  • Last Updated:
  • Jan 16th, 2018 8:57 pm
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Nov 8, 2017
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The U.S wouldn't suffer as bad as Canada, but they'd suffer. Canada's the US biggest trade partner, and not in some protective vacuum immune from trade consequences. Check out OP's map of. Everyone of those states (voters) would suffer.
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1) Trump administration announces they will end NAFTA, however doing so will take months to dismantle and only after...
2) Numerous legal challenges from various US States

By the time it works its way through the system (and lower markets), Trump loses next election and new US president reinstates NAFTA.
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chimaican wrote:
Jan 12th, 2018 12:03 pm
1) Trump administration announces they will end NAFTA, however doing so will take months to dismantle and only after...
2) Numerous legal challenges from various US States

By the time it works its way through the system (and lower markets), Trump loses next election and new US president reinstates NAFTA.
Likely he be impeached and gone before that.
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Canada has other trade deals with the americans. It isn't like instantly there will be zero trade between the 2 countries even if this did happen.
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I'm actually surprised he's scrapping NAFTA since he's pro big business but he did scrap TPP.

Good, after 1994 things got worse for the coal miners.
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fakishan wrote:
Jan 12th, 2018 3:53 am
clueless people suggesting there would be no more trade between countries if they didn't have one of the many trade deals anymore....
I don't think anyone is suggesting that at all. I think everyone realizes that Canadian exports will be hit by harsh tariffs like softwood lumber and Bombardier planes have been recently and that will severely hurt the Canadian economy. Meanwhile, Canada would struggle to apply similar tariffs to American imports because it would drive up the cost of goods considerably.

Not to mention the investment that will be lost when we lose our preferential access to the American market.

No one is saying trade will stop...everyone fears new barriers to trade will increase costs and hurt the economy.
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heynayjk wrote:
Jan 12th, 2018 2:07 am
Agree thats what we should have done in the first place. Trump even said that he wants bilateral deals. He doesn't want packaged deals. But selfie boy didn't want to offend Mexico so here we are on the brick of a recession if NAFTA goes.
To play the devil's advocate, how long will Trump, or Trumpism last? It may be more advantageous to swallow the loss of NAFTA and wait to see what happens in 2020. Trade deals are negotiated for decades, not 4 year terms.
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webdoctors wrote:
Jan 12th, 2018 12:20 pm
I'm actually surprised he's scrapping NAFTA since he's pro big business but he did scrap TPP.

Good, after 1994 things got worse for the coal miners.
What does NAFTA have to do with coal mining? How much coal do we export to teh US?
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mr_raider wrote:
Jan 12th, 2018 1:55 pm
What does NAFTA have to do with coal mining? How much coal do we export to teh US?
Blue collar jobs in general shifted to Mexico. Canada has an advantage over the USA with blue collar jobs since healthcare is covered here, whereas Mexico is even cheaper.

Basically, a trade deal between Canada shouldn't be the same as Mexico. The economics/standards of living are just too skewed.

What will this mean for Canadian TN holders?
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webdoctors wrote:
Jan 12th, 2018 12:20 pm
I'm actually surprised he's scrapping NAFTA since he's pro big business but he did scrap TPP.

Good, after 1994 things got worse for the coal miners.
what happened in 1994?
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heynayjk wrote:
Jan 11th, 2018 7:22 pm
If NAFTA goes, Canada goes into an insta recession. Considering we trade very little with other countries, we may inch towards a 3rd world country.
And with all the continuous in fluxing of refugees and bums here in the country, we will be 3rd world. :lol:
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divx wrote:
Jan 12th, 2018 2:20 pm
what does that have to do with coal?
Idnk, @webdoctors has to answer this question

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