Part 8/10:
Despite criticisms about access for U.S. dairy products in Canada, it’s important to highlight that the U.S. continues to enjoy a trade surplus with Canada regarding dairy exports. This paints a more nuanced picture that suggests that while Canadian tariffs exist, they’re not hindering trade to the extent often implied.
It’s also essential to recognize that both countries maintain tariff quotas under the USMCA. The U.S. has quotas on Canadian imports for certain categories, which indicates that trade policies are mutual and reciprocal. For instance, as part of this agreement, the U.S. applies specific quotas that align closely with those of Canada for particular agricultural goods.