Canadian PM Mark Carney shakes hands with Chinese President Xi Jinping at the People’s Great Hall in Beijing.—Reuters BEIJING: Canada’s Prime Minister Mark Carney and Chinese President Xi Jinping agreed on a raft of measures from trade to tourism on Friday at the first meeting between the countries’ leaders in Beijing in eight years. The Canadian premier hailed a “landmark deal” under a “new strategic partnership” with China, turning the page on years of diplomatic spats, retaliatory arrests of each other’s citizens and tariff disputes. Carney has sought to reduce his country’s reliance on the United States, its key economic partner and traditional ally, as President Donald Trump has aggressively raised tariffs on Canadian products. “Canada and China have reached a preliminary but landmark trade agreement to remove trade barriers and reduce tariffs,” Carney told a news conference after meeting with Xi. Under the deal, China — which used to be Canada’s largest market for canola seed — is expected to reduce tar...
United States President Donald Trump said on Thursday all trade talks with Canada were terminated following what he called a fraudulent advertisement in which former and late president Ronald Reagan spoke negatively about tariffs. Trump imposed tariffs on Canadian steel, aluminum and autos earlier this year, prompting Ottawa to respond in kind. The two sides have been in talks for weeks on a potential deal for the steel and aluminum sectors. “Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED,” Trump wrote on Truth Social. Ontario Premier Doug Ford said earlier this week the ad from his province with anti-tariff messaging had caught Trump’s attention. The ad showed Reagan, a Republican, criticising tariffs on foreign goods while saying they caused job losses and trade wars. “I heard that the president heard our ad. I’m sure he wasn’t too happy,” Ford said on Tuesday. The Ronald Reagan Presidential Foundation issued a statement late on Thursday saying the ad by the gove...
OTTAWA: Canada will remove many retaliatory import tariffs on U.S. goods and intensify contacts with the United States on striking a new trade and security relationship, Prime Minister Mark Carney said on Friday. Canadian tariffs on U.S. autos, steel and aluminum will remain for now, he told a press conference in Ottawa. Carney noted that […]
The United States will resume trade negotiations with Canada immediately after Ottawa scrapped its digital services tax targeting U.S. technology firms, White House economic adviser Kevin Hassett said on Monday. “Absolutely,” Hassett said on Fox News Channel when asked about the talks restarting. White House press secretary Karoline Leavitt told reporters that Canadian Prime Minister […]