Beijing says it’s willing to deepen economic ties with Canada as Trump brings trade chaos
Beijing says it’s willing to deepen economic ties with Canada as Trump brings trade chaos
Comments from Chinese embassy come as Ottawa prepares for possibility of 25-per-cent tariffs from U.S.
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China says it’s willing to deepen economic relations with Canada as this country’s trading relationship with the United States hits a rough patch.
The People’s Republic of China is Canada’s second-largest trading partner after the U.S. and, in 2017, Ottawa came close to starting talks with Beijing on a trade agreement.
In 2019, China restricted imports of several Canadian products, including canola seed, in apparent retaliation for Ottawa arresting a Chinese tech executive. The value of the economic fallout – billions in lost sales – pales in comparison to the threat U.S. president-elect Donald Trump has made to Canada, vowing 25-per-cent tariffs on all Canadian goods when he takes office. Canadian exports to the U.S. in 2023 exceeded $592-billion.
