If Canada makes a deal with China
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17hon MSN
Amid Trump tariff threat, Carney says Canada has no plans to pursue free trade agreement with China
Canadian Prime Minister Mark Carney says his country has no intention of pursuing a free trade deal with China, noting his recent pact with Beijing merely cuts tariffs on a few sectors.
US Commerce Secretary Howard Lutnick dismissed as “political noise” the moves in recent days by Canada’s Prime Minister Mark Carney to strengthen trade relations with China, and raised the risk of that maneuver seeping into talks over a revamped North American trade accord later this year.
Diplomatic tensions rise as Donald Trump alleges Canadian opposition to US missile defence over Greenland, criticises trade with China, and Canadian leaders respond.
Canada and China have reached a preliminary agreement to remove all tariffs from canola meal and peas. Tariffs on canola seed are expected to be reduced to 15 per cent.