Canada won’t pursue a China trade deal amid Trump’s tariff threats

1 min read
Source: PBS
Canada won’t pursue a China trade deal amid Trump’s tariff threats
Photo: PBS
TL;DR

Canadian Prime Minister Mark Carney says Canada has no plan for a free-trade pact with China, despite a narrow tariff-cut with Beijing, while U.S. President Trump threatens 100% tariffs on Canadian goods if such a deal proceeds. Canada previously imposed 100% tariffs on Chinese EVs and 25% on steel/aluminum; China retaliated against Canadian canola oil, meal, pork and seafood. The new arrangement caps Chinese EV imports at an initial 49,000 vehicles at 6.1% tariff, expected to rise to about 70,000 over five years, with China likely to invest in Canada’s auto sector within three years.

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