Prime Minister Mark Carney said Canada is forging a new strategic partnership with China as part of a wider effort to adapt to a rapidly shifting global trade system, following the first Canadian prime ministerial visit to Beijing since 2017.
Carney said technological disruption, the energy transition and weakening multilateral institutions have created a “rupture” in global trade, requiring Canada to act with speed, scale and pragmatism. He confirmed talks with Chinese President Xi Jinping alongside concrete trade agreements aimed at restoring momentum after nearly a decade of strained relations.
Key developments
• Canada will admit up to 49,000 Chinese EVs at a 6.1% tariff, replacing the 100% levy imposed in 2024.
• China to cut canola seed tariffs to around 15% by 1 March, down from 84%.
• Tariffs on canola meal, seafood and peas suspended until at least year-end.
• Nearly $3bn in new export orders expected for Canadian producers.
The agreement supports Ottawa’s effort to diversify trade beyond the United States, while Beijing positions itself as a more predictable global economic partner.
Follow on social media TikTok@tut0ughInstagram@tut0ugh Threads@tut0ugh X@tut0ugh YouTube@tut0ugh
tut0ugh 