Trade Tensions: Canada Rejects Free Trade Deal with China
Canadian Prime Minister Mark Carney stated that Canada will not pursue a free trade agreement with China, despite recent tariff negotiations. His comments responded to US President Donald Trump's threat of tariffs if Canada pursued such a deal. Carney emphasized commitments under existing agreements and outlined tariff changes.
- Country:
- Canada
In a firm response to escalating trade tensions, Canadian Prime Minister Mark Carney declared on Sunday that Canada has no plans to pursue a free trade agreement with China. This announcement followed threats from US President Donald Trump to impose a 100% tariff on Canadian goods if a deal was made with Beijing.
Carney addressed these concerns by clarifying that recent negotiations only involved reducing tariffs on a limited number of sectors, rather than forming a broad trade pact. He reiterated commitments under the United States-Mexico-Canada Agreement, which requires prior notification before engaging in trade deals with non-market economies.
Despite Trump's criticism, Carney detailed the recent tariff adjustments, including a reduced tariff on Chinese electric vehicles entering Canada. He assured that the changes align with strategic goals and echoed middle-power countries' stance on uniting to counter coercion from larger powers.
(With inputs from agencies.)
ALSO READ
India's Bold Move: Slashing EU Car Tariffs by 60%
U.S. Considers Easing Tariffs on India Amid Reduced Russian Oil Imports
Trade Tensions Escalate: Trump Threatens Tariffs Over Canada's China Deal
US Treasury Sees Path to Remove Tariffs on Indian Oil Amid Trade Dynamics
US Considers Lifting Tariffs on India Amid Shift in Russian Oil Dynamics

