10-02-2018, 11:28 AM
(10-02-2018, 10:33 AM)Rootilda Wrote: I'm sure it's just my cynicism showing but I wonder what admin member that benefits.
If I understand correctly, anyone who is invested in American pharmaceutical companies or receives political donations from American pharmaceutical companies will be the biggest benefactors.
From Canadian economists' perspective (at least the ones I've read), Canadians will pay higher prescription drug prices when USMCA kicks in because they don't have a big R&D industry there and they will have to wait longer for generic versions of the drugs to become available.
"Innovation" in general will be stifled in Canada under USMCA in exchange for protecting its traditional agricultural industries and avoiding Trumps threats to tariff the shit out of automobiles.
In my opinion, Intellectual Property protections are more important in regards to China than Canada. But, Trump hasn't gotten anywhere with that since he quashed TPP and took up unilateral negotiations............ the tit-for-tat tariff trade war between Trump and Xi is still underway.