Mark Carney
Chinese leader Xi Jinping and Canadian PM Mark Carney have announced lower tariffs, signalling a reset in their countries’ relationship after a key meeting in Beijing. China is expected to lower levies on Canadian canola oil from 85% to 15% by 1 March, while Ottawa has agreed to tax Chinese electric vehicles at the most-favoured-nation rate, 6.1%, Carney told reporters. The deal is a breakthrough after years of strained ties and tit-for-tat levies. Xi hailed the “turnaround” in their relationship but it is also a win for Carney, the first Canadian leader to visit China in nearly a decade. He has been trying to diversify Canadian trade away from the US, his country’s biggest trading partner, following the uncertainty caused by Trump’s on-again-off-again tariffs. …Carney said the “world has changed dramatically” and how Canada positions itself “will shape our future for decades to come,” he added.
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- Lawrence Martin in the Globe & Mail: Rebuilding relations with China is a gamble Mark Carney has to take
- People’s Republic of China: Joint Statement of the China-Canada Leaders’ Meeting