The new trade agreement is being called the United States, Mexico, Canada Agreement or USMCA. With this trade deal, Canada agreed to eliminate its Class 7 dairy pricing program. Class 7 has been part of a national dairy industry strategy in Canada for a year and a half. This program has been used to price milk protein concentrates, skim milk and whole milk powder, which undercut U.S. prices on the world market. The new trade deal also caps the amount of dairy products Canada can export and it gives the U.S. dairy industry more market access. The Dairy Farmers of Canada is calling this a “bad deal” for Canadians.
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