"China is successfully and completely taking over the once Great Country of Canada. So sad to see it happen. I only hope they leave Ice Hockey alone! President DJT"
"We have no intention of doing that with China or any other nonmarket economy,"
"What we have done with China is to rectify some issues that developed in the last couple of years."
Canada's prime minister said the country will not pursue a free trade agreement with China and framed a recent deal as tariff adjustments, not a comprehensive trade pact. The statement responded to a U.S. threat to impose a 100% tariff on Canadian imports if Canada pursued a trade deal with Beijing. Under the US-Mexico-Canada agreement there are commitments not to pursue FTAs with nonmarket economies without prior notification. In 2024 Canada imposed a 100% tariff on Chinese electric vehicles and 25% on steel and aluminum; China retaliated with steep import taxes on Canadian canola, pork, and seafood. The recent arrangement reduced the 100% EV tariff, set initial caps of 49,000 Chinese EVs (rising to about 70,000 over five years), and anticipates Chinese investment in the Canadian auto industry within three years.
Read at Fortune
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