Thursday, April 20, 2017

Trump targets Canadian supply management

Trump attacks Canada’s supply management for dairy as unfair to U.S. | Calgary Herald:

April 18, 2017 — "Donald Trump has put Canada on notice that he is taking aim at its much-coveted supply management system that protects the dairy industry.

"Trump levelled the threat during an event at a Wisconsin factory where he unveiled his 'Buy American-Hire American executive order.

"He says he will seek 'fair trade' with all of America’s trading partners 'and that includes Canada.'

"Trump says 'unfair things' have happened in Canada to U.S. dairy farmers.

"Last month, a free-market think tank suggested using more open trade in the dairy sector as a bargaining chip in upcoming trade negotiations with the U.S. in exchange for more stable trade in softwood lumber.

"The Montreal Economic Institute recommends limiting protectionism in both industries to help consumers, spur economic productivity, and ultimately create more successful businesses in both countries.....

"The current system limits the amount of dairy and poultry Canada can import before a tariff kicks in. Dismantling it would mean lower prices at the supermarket, and a more internationally competitive industry, says the paper.

"For his part, Finance Minister Bill Morneau will tell this week’s meeting of G20 finance ministers in Washington that Trump’s executive order runs contrary to Canada’s trading interests.

"Senior finance officials who briefed reporters on the meetings suggest the order would run counter to protections Canada has secured through NAFTA."

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