"No free trade deal with China" - Canadian Prime Minister Carney responds to US President Trump
Canadian Prime Minister Mark Carney said his country has no intention of pursuing a free trade deal with China. He was responding to U.S. President Donald Trump's threat to impose a 100% tariff on goods imported from Canada if America's northern neighbor goes ahead with a trade deal with Beijing.
Carney said his deal with China simply lowers tariffs on some sectors that were recently hit by tariffs.
Trump claims otherwise, posting on Truth Social: "China is successfully and completely taking over Canada, a once great country. It's very sad to see this happen. I just hope they leave ice hockey alone!"
The Canadian prime minister said that under the free trade agreement with the US and Mexico, there are commitments not to pursue free trade agreements with non-market economies without prior notice.
“We have no intention of doing this with China, or any other non-market economy,” Carney said. “What we have done with China is to fix some of the problems that have arisen over the last couple of years,” he added.
In 2024, Canada followed the United States by imposing a 100% tariff on electric vehicles from Beijing and a 25% tariff on steel and aluminum. China responded by imposing import duties of 100% on Canadian canola oil and meal and 25% on pork and seafood.
Breaking away from the United States this month during a visit to China, Carney cut the 100% tariff on Chinese electric cars in exchange for lower tariffs on those Canadian products.
Carney said there would be an initial annual cap of 49,000 vehicles on Chinese electric vehicle exports entering Canada at a 6.1% tariff rate, rising to about 70,000 over five years. He noted that there was no cap before 2024. He also said the initial cap on Chinese electric vehicle imports was about 3% of the 1.8 million vehicles sold in Canada each year and that, in return, China is expected to start investing in the Canadian auto industry within three years.
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