It seems that the Trump Administration is finally getting serious about challenging many of the trade deals that have negatively affected the U.S. At the top of his list has been the North American Free Trade Agreement (NAFTA). And while Mexico was the initial target of his ire, Trump and his team have recently begun looking north towards Canada.
Several fights over trade, dumping, subsidies and one-sided deals have already been challenged by the administration. The most recent spat stems from softwood lumber and provincial ownership/logging royalty rates.
But while the softwood lumber fight is a problem, it pales in comparison to the battle brewing over butter. It’s this issue that could be the start for a full-on trade war and complete renegotiation of NAFTA.
Click here to read about how the U.S. is trying to play the lumber card ahead of the NAFTA talks.
Like most Americans or Canadians, when you’re buttering your toast in the morning or putting a slice of cheese on a sandwich, diafiltered milk doesn’t even cross your mind. However, the dairy product is at the heart of a major battle brewing between Canada and the U.S.