Canada has no intention of pursuing free trade with China, says Carney
Canada’s Carney hails new trade deals, ‘expects’ US to respect sovereignty
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Canadian Prime Minister Mark Carney stated on Sunday that Canada has no intention of pursuing a free trade deal with China. This announcement came in response to Donald Trump's threat to impose a 100% tariff on Canadian goods if Canada pursued such a deal. Carney clarified that recent agreements with China were merely to rectify tariff issues in specific sectors. He emphasized Canada's commitment under the US-Mexico-Canada agreement not to pursue free trade with non-market economies without prior notification. This situation arose after Canada mirrored US tariffs on Chinese electric vehicles, steel, and aluminum, leading to retaliatory tariffs from China on Canadian goods. Carney's recent visit to China resulted in a reduction of Canada's tariff on Chinese EVs in exchange for lower tariffs on Canadian products and expected Chinese investment in the Canadian auto industry.
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AI-ExtractedThere will be an initial annual cap of 49,000 vehicles on Chinese EV exports coming into Canada.
Carney cut Canada’s 100% tariff on Chinese electric cars in return for lower tariffs on Canadian products.
Canada mirrored the US by putting a 100% tariff on electric vehicles from Beijing in 2024.
Trump threatened to impose a 100% tariff on Canadian goods if Canada pursued a trade deal with China.
Canada has no intention of pursuing a free trade deal with China.
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