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Chinese officials have clarified that their recent trade agreement with Canada is not aimed at undermining any third country, following former US President Donald Trump’s warning of 100% tariffs on Canadian products.
China’s foreign ministry spokesperson, Guo Jiakun, said the deal represents a “strategic partnership” and is meant to serve the interests of both nations, emphasizing a win-win approach to international relations.
What’s in the Deal?
Canola oil tariffs cut from 85% to 15% by March.
Chinese electric vehicles (EVs) will be taxed at the most-favoured-nation rate of 6.1%, down from 100%.
Canada’s Response
Prime Minister Mark Carney clarified that Canada is not pursuing a free-trade deal with China and has never considered it. He noted that Canada keeps the US informed under the USMCA trade agreement process.
Carney also stressed that Canada needs to diversify its trade portfolio to reduce dependence on the US and views Trump’s tariff threats as part of a broader negotiation strategy.
Trump’s Reaction
Trump expressed concern that Canada could become a gateway for Chinese goods to enter the US, calling the deal a potential threat. However, US Treasury Secretary Scott Bessent later clarified that tariffs would only apply if Canada allowed Chinese goods to be dumped in the US market.
