Here is a look at USCMA in terms of the issues facing Canada

1. THE NEW USCMA
TRADE
By: PaulYoung, CPA, CGA
October 14, 2019

2. PaulYoung - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – EmergingTechnology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
• Why isTrade important to Canada
• Chrystia Freeland and DonaldTrump
• Trade by Country
• Steel dumping / China
• Softwood lumber dispute / Forestry Sector
• Oil and Gas Sector
• Agriculture Sector
• Trade and Protectionism

4. Why isTrade important to Canada
• Exports and Imports combine account for 1.2
trillion per year
• Nearly 46% of all exports are natural resources -
https://www.slideshare.net/paulyoungcga/have-
the-liberal-party-of-canada-supported-the-
natural-resources-sector
• Canada exports nearly 25% of its GDP -
https://www.slideshare.net/paulyoungcga/2019-
election-merchandise-trade-canada-june-2019
• Canada has large trade surpluses with natural
resources
• For each $1B of exports there is about 5,500 jobs
• Export/Import related jobs pay about 30-40% more
than the service sector
• Liberals policies like C69 as well as tax policies have
led to Canada being less competitive when it
comes to attracting FDI -
https://www.slideshare.net/paulyoungcga/what-is-
going-on-with-canadas-competitiveness

5. Foreign Affairs Minister andTrump
Who insultedTrump? https://globalnews.ca/news/4412338/analysis-chrystia-
freeland-raised-trumps-ire-with-key-speech/

6. Trade by Country
• Canada has large trade deficit with Mexico despiteTrudeau forging relations with Mexico
• Trudeau sided with Mexico as such Mexico and USA continue talks without Canada at the table -
https://globalnews.ca/news/4363615/u-s-mexico-meeting-in-washington-to-talk-about-nafta-but-canada-is-left-
out/
• Neither USA nor Mexico were interested inTrudeau’s social agenda -
https://www.thestar.com/news/world/2018/08/16/donald-trump-says-us-not-even-talking-to-canada-about-
nafta.html

7. China dumping Steel in Canada
Source - https://globalnews.ca/news/4350910/trade-tribunal-steel-dumping-ruling/
@BobBratina your govt does not stand up for steel or your policies would be focus on getting goods out of the
ground and to market.
@NikkiKaurCPC
https://www.slideshare.net/paulyoungcga/did-liberal-policies-help-the-steel-sector-in-canada

8. Softwood Lumber Dispute
Trudeau had time during the Obama years to get a new softwood lumber and did nothing
Let's hope this verdict ends all issues with Lumber.The USA has argued the Cdn sector subsidizes
lumber which is not the case! - https://www.cbc.ca/news/business/nafta-panel-canadian-
softwood-lumber-tariffs-1.5271821
Forestry sector continues to struggle under JustinTrudeau due to many factors like Softwood
Lumber, access to new markets, etc. - https://www.slideshare.net/paulyoungcga/what-is-next-
for-canadas-forestry-sector

9. Canada vs USA Oil Production
Who do you trust more to get oil to market?
@justintrudeau who cannot get a one pipeline built to tidewater
- https://www.jwnenergy.com/article/2019/8/trans-mountain-
cleared-resume-terminal-construction/
@Andrewscheer who former leader got four major pipelines
built - https://www.partisanissues.com/2018/07/what-major-
pipelines-were-built-in-canada-in-the-last-decade-of-
conservative-rule/
@justintrudeau went into word salad on pipelines and
tariffs https://www.youtube.com/watch?v=6znuJalOd28
Canada needs a government that will focus on maximizing
Canada’s NR. Trudeau said Canada should be know for its’
resourcefulness. Cdns know Trudeau will not push for
development of NR, but @andrewscheer will -
https://www.slideshare.net/paulyoungcga/have-the-
liberal-party-of-canada-supported-the-natural-resources-
sector

10. Ethical Oil

11. Agriculture Sector
Who better supports the farmers?
@justintrudeau who introduced small business tax
reforms and has trade disputes with China -
https://www.canadianmanufacturing.com/manufactu
ring/chinese-importers-looking-at-buying-more-u-s-
farm-goods-236484/ or Carbon tax -
https://westernfinancialgroup.ca/Why-are-Canadian-
farmers-worried-about-the-carbon-tax . Trudeau
policies have failed farmers – (farmers income fell 3%
in 2017 - https://www150.statcan.gc.ca/n1/daily-
quotidien/181127/dq181127a-eng.htm)
@andrewscheer whose former leader that expanded
trade opportunities for farmers!
Who do you trust more when it comes to Dairy Sector:
@justintrudeau who always comes up with more ways to
tax farmers - https://ipolitics.ca/2017/09/05/trudeaus-
going-to-pay-a-heavy-price-for-tax-reform/
@andrewscheer who served under a government that
supported farmers very well through new trade
agreements - https://www150.statcan.gc.ca/n1/daily-
quotidien/161129/dq161129b-eng.htm
https://www.slideshare.net/paulyoungcga/2019-election-
dairy-sector-supply-management-canada-september-2019
1. https://steinbachonline.com/ag-news/agriculture-
news-mb/canadian-dairy-industry-reduces-carbon-
footprint
https://www.agcanada.com/daily/farm-groups-see-
something-for-everyone-in-federal-budget

12. Trade and Protectionism
@glen_mcgregor and others
I am not big on tariffs as all they do is force costs up to consumers. I am for better trade deals as well as stronger
mechanism to challenge unfair trade practices in court. The WTO has gotten very weak over the past decade or so,
https://www.slideshare.net/paulyoungcga/global-protection-and-subsidies-analysis-and-commentary
Source - https://twitter.com/kgaiderhttps://www.slideshare.net/paulyoungcga/2019-election-climate-change-canada-
may-2019
¼ of Canada’s GDP is tied to merchandise trade. The problem is the liberals and their horrible record on foreign policies
and affairs along with the desire to increase taxes and add more regulations have impacted Canada’s ability to expand
exports.
https://www.slideshare.net/paulyoungcga/2019-election-global-trade-and-protectionism-canada-may-2019

13. Blog – NAFTA
• https://nationalpost.com/opinion/andrew-coyne-the-trudeau-liberals-fall-to-earth-crushed-
by-pipelines-and-carbon-taxes the Libs appear to have genuinely believed they could
impose their own bleeding-edge social-justice agenda on that of their negotiating partners,
transforming blueprints for managing international commercial relations-difficult enough at
the best of times
• The Libs appear to have genuinely believed they could impose their own bleeding-edge
social-justice agenda on that of their negotiating partners
• https://www.slideshare.net/paulyoungcga/why-is-it-difficult-to-approve-oil-and-gas-
pipelines-in-canada-112647711 or https://nationalpost.com/opinion/andrew-coyne-the-
trudeau-liberals-fall-to-earth-crushed-by-pipelines-and-carbon-taxes

14. Summary
• Trudeau and his team almost botchedTrans PacificTrade, CETA and USCMA
• Trudeau team has set relations back with key markets like India
https://nationalpost.com/opinion/john-ivison-long-chilly-relations-between-
canada-and-india-are-now-frigid-under-liberals . USA continues to build ties with
India - https://economictimes.indiatimes.com/news/economy/foreign-trade/trade-
opportunities-between-us-and-india-historic-us-state-
guv/articleshow/71472987.cms
• Trudeau and his team have an abysmal record on foreign affairs -
https://www.slideshare.net/paulyoungcga/2019-election-foreign-affairs-and-
trade-canada-june-2019