Canada Has No Plans to Pursue Free Trade with China: PM Carney
Canada's Prime Minister Mark Carney has made it clear that his country has no intention of pursuing a free trade deal with China. In response to US President Donald Trump's threat to impose a 100% tariff on goods imported from Canada if the latter were to proceed with a trade agreement with Beijing, Carney said that his recent agreement with China was merely aimed at cutting tariffs on specific sectors.
The Canadian PM asserted that under the free trade agreement between Canada and the US and Mexico, there are commitments not to pursue free trade agreements with non-market economies without prior notification. "We have no intention of doing that with China or any other non-market economy," Carney stated. This comes after Canada recently mirrored the US in imposing 100% tariffs on electric vehicles from Beijing and a 25% tariff on steel and aluminium.
Carney's remarks are seen as an attempt to push back against Trump's aggressive stance, particularly over his push to acquire Greenland. The Canadian PM has emerged as a leader of a movement among middle powers to counter the US under Trump, warning about coercion by great powers without naming names.
In a surprising move, Carney cut Canada's 100% tariff on Chinese electric cars in return for lower tariffs on those Canadian products. He also proposed an initial annual cap of 49,000 vehicles on Chinese EV exports coming into Canada at a tariff rate of 6.1%, growing to about 70,000 over five years.
Carney's comments have been met with praise from some quarters and ridicule from others, including Trump, who accused him of "virtue-signaling" to his globalist friends. The Canadian PM's stance has also sparked debate in the business community, with some calling for Canada to pursue a more assertive trade policy.
Canada's Prime Minister Mark Carney has made it clear that his country has no intention of pursuing a free trade deal with China. In response to US President Donald Trump's threat to impose a 100% tariff on goods imported from Canada if the latter were to proceed with a trade agreement with Beijing, Carney said that his recent agreement with China was merely aimed at cutting tariffs on specific sectors.
The Canadian PM asserted that under the free trade agreement between Canada and the US and Mexico, there are commitments not to pursue free trade agreements with non-market economies without prior notification. "We have no intention of doing that with China or any other non-market economy," Carney stated. This comes after Canada recently mirrored the US in imposing 100% tariffs on electric vehicles from Beijing and a 25% tariff on steel and aluminium.
Carney's remarks are seen as an attempt to push back against Trump's aggressive stance, particularly over his push to acquire Greenland. The Canadian PM has emerged as a leader of a movement among middle powers to counter the US under Trump, warning about coercion by great powers without naming names.
In a surprising move, Carney cut Canada's 100% tariff on Chinese electric cars in return for lower tariffs on those Canadian products. He also proposed an initial annual cap of 49,000 vehicles on Chinese EV exports coming into Canada at a tariff rate of 6.1%, growing to about 70,000 over five years.
Carney's comments have been met with praise from some quarters and ridicule from others, including Trump, who accused him of "virtue-signaling" to his globalist friends. The Canadian PM's stance has also sparked debate in the business community, with some calling for Canada to pursue a more assertive trade policy.