The new owners moving into Essar Algoma..will be happy
https://www.thestar.com/news/world/2018/09/30/canada-us-reach-nafta-deal.html
WASHINGTON—Canada and the U.S. have agreed on a new North American free trade agreement, concluding an acrimonious 13-month negotiation that had hindered the Canadian economy and damaged relations between the two countries.
They released the full text of the deal after 11 p.m., leaving experts little time on Sunday to pore over the specifics on which the deal will ultimately be judged. The news that they have struck any kind of deal, though, means Prime Minister Justin Trudeau has achieved a long-sought goal: convincing U.S. President Donald Trump to preserve a trade accord Trump has repeatedly threatened to terminate.
It’s a good day for Canada,” Trudeau said as he left a late-night cabinet meeting in Ottawa, declining to take questions. On Twitter, he said, “A good day for Canada & our closest trading partners. More tomorrow...”
Trump, meanwhile, began touting the deal as a fulfilment of his campaign promise to secure a better arrangement for American workers.
“It’s a great win for the president and a validation of his strategy in the area of international trade,” said a senior Trump administration official, saying it includes a “host of provisions that will rebalance our trade relationship with Mexico and Canada.”
The deal makes substantial changes to the rules governing the North American auto industry. And it will affect dozens of other industries and the consumers who buy their products, from milk to medicine.
In a joint statement issued Sunday night, U.S. Trade Representative Robert Lighthizer and Foreign Affairs Minister Chrystia Freeland said the agreement “will result in freer markets, fairer trade and robust economic growth in our region.”
