Canada has agreed to provide US dairy farmers access to about 3.5 percent of its approximately $16 billion annual domestic dairy market.
For example, the new agreement would require 40 to 45 percent of auto components be made by workers earning the equivalent of $16 per hour, but it's unclear whether $16 would be the average or the minimum earned, or how such a measure would be enforced, Drake said.
Much work still needs to be done to finalize the new agreement, which is called USMCA (think of the song "YMCA") for each country's name and which replaces the North American Free Trade Agreement (NAFTA).
A senior U.S. administration official said the final rewrite is a "fantastic agreement" and he called it "a big win for the United States, Mexico and Canada".
After weeks of hunkering down in Washington, Freeland and David MacNaughton, Canada's ambassador to the USA, had spent the day in Ottawa taking part in an aggressive, long-distance, last-minute push to get Canada into the trilateral free trade deal ahead of a key congressional deadline.
Foreign outsourcing for USA automotive production will be reduced under the deal, said Trump, who predicted "once USMCA is approved, it will be a new dawn for the US auto industry and the US auto worker", turning the country again into "a manufacturing powerhouse". The new agreement, he said, will support many hundreds of thousands of American jobs. "... Democrats will closely scrutinize the text of the Trump Administration's NAFTA proposal, and look forward to further analyses and conversations with stakeholders".More news: Many women line up in support of Kavanaugh pick
Representatives of Mexican president-elect Andrés Manuel López Obrador called a news conference for Monday to discuss details of the deal. "We've lost so many jobs over the years under NAFTA", he said.
Canada's ambassador to Washington says the US and Canada have made a lot of progress in free trade talks but there is no deal. Over the years, Canada has successfully used Chapter 19 to challenge the United States on its softwood lumber restrictions.
It was surprising that the United States found it easier to cut a deal with Mexico than with Canada, a longtime ally with a high-wage economy similar to America's.
"On the question of visas, we have retained existing NAFTA language on that, but not gone beyond it", said a senior administration official.
The pact, underpinning $1.2 trillion in annual trade, is based on "fairness and reciprocity", according to Trump, who added that it was reached after disagreements with his counterparts in Mexico City and Ottawa, Enrique Pena Nieto and Justin Trudeau.
New rules are created to improve U.S. auto workers' competitiveness, with 40 percent of each vehicle required to have been made by people earning at least $16 an hour. Positive views of the United States in Mexico and Canada have plummeted, jeopardizing relations on a host of security and other noneconomic issues. US drug companies can fend off generic competition for a few more years.