Canadian Prime Minister Mark Carney wrapped up a landmark visit to China this week – the first by a Canadian leader in eight years – with a major tariff deal and a roadmap to reset strained relations. 🔥 Here’s why it matters for global trade:
From Tensions to Tariff Cuts
In a major shift, Canada agreed to slash its 100% tariff on Chinese electric vehicles to 6.1%, with annual import quotas rising to 70,000 by 2031. 🚗 China, meanwhile, will ease market access for Canadian canola and other farm products by March 1, 2026. 🌾
Beyond Trade: A Strategic Blueprint
The two nations signed an ambitious Economic and Trade Cooperation Roadmap, upgrading joint commissions to ministerial level and targeting collaboration in green energy, e-commerce, and SMEs. 💡 Over 28 proposals aim to boost innovation, including partnerships in critical minerals and sustainable tech.
APEC 2026: Teamwork Ahead?
Both sides pledged to strengthen APEC cooperation, with Canada backing China’s 2026 APEC Leaders’ Meeting. Carney called the trip “historic,” emphasizing alignment on climate and tech: “We need partners who move at scale – and fast.” ⚡
With U.S. pressure looming (think tariffs and Greenland comments 🇺🇸), this new “strategic partnership” could redraw North America’s trade playbook. Stay tuned! 📈
