China, Canada
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China responded by imposing duties of 100% on Canadian canola oil and meal and 25% on pork and seafood. It added a 75.8% tariff on canola seeds last August. Collectively, the import taxes effectively closed the Chinese market to Canadian canola exports, an industry group said.
Jeff Mahon, Director of International Business and Geopolitical Advisory at StrategyCorp, discusses the recent reset in China-Canada relations – and why Canada has been put in a position to develop a more pragmatic approach with China.
Prime Minister Mark Carney hailed a “new strategic partnership” in Beijing on Friday that included a break with the United States on tariffs.
Xi Jinping told visiting Prime Minister Mark Carney that he is willing to continue working to improve ties, noting that talks have been underway on restoring and restarting cooperation since the two held an initial meeting in October on the sidelines of a regional economic conference in South Korea.
Canada's recent agreement with China could help reset bilateral ties and create new momentum for education and cultural exchanges, said Marc Jerry, president and vice-chancellor of Renison University College at the University of Waterloo.
BEIJING, Jan 16 (Reuters) - Canada and China struck an initial trade deal on Friday that will slash tariffs on electric vehicles and canola, as both nations promised to tear down trade barriers while forging new strategic ties during Prime Minister Mark Carney's visit.
The healthy and stable development of China-Canada relations aligns with the common interests of both countries and is also conducive to world peace, stability, development, and prosperity, Chinese Foreign Ministry spokesperson Guo Jiakun stated Tuesday,
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Analysis: Canada's leader leaves China pronouncing success, but Trump lurks in the background
Canadian leader Mark Carney met China's Xi Jinping this week. The two statesmen talked. Fractured relationships began to heal. And a third man, though he wasn't in the room, nevertheless made his presence clearly known: Donald Trump.
China Inc.'s biggest move into North America yet has industry officials and politicians on edge. But affordability concerns take center stage.
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Analysis-Canada's Carney aims to lead new global trading order less reliant on US
Last week, Carney took his trade diversification push further than his allies in Europe by signing a deal with China, and aims to project Canada as a potential leader in a new global trading order after U.S. President Donald Trump's tariffs upended long-standing relationships.