
Carney Pivots Canada’s Trade Strategy After Tensions With Washington
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Canada-China trade pact escalates North American trade tensions after US tariff threats
A newly announced Canada–China trade understanding that reduces tariffs on canola and some Chinese electric vehicles has prompted a sharp US response, including a presidential threat of 100% tariffs. Ottawa insists it is not pursuing a broad free-trade agreement and says it would follow legal notification processes under the USMCA, while Beijing characterizes the arrangement as mutually beneficial and not aimed at third parties.
Carney Reaffirms Davos Critique as US Official Claims Retraction; Trade Frictions Intensify
Mark Carney said he did not soften his Davos remarks after a US official said he had walked them back to President Trump, underscoring bilateral friction as Washington reacts sharply to a narrow Canadian tariff compact with Beijing. The US publicly warned of possible 100% tariffs but later framed punitive measures as targeted at dumping or market-distorting practices; Ottawa insists its changes are limited and is pursuing faster trade diversification.




