Carney Reaffirms Davos Critique as US Official Claims Retraction; Trade Frictions Intensify
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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.

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