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📍 Canada - China upgrades diplomatic relations
Canada has just announced the establishment of a new strategic partnership with China, according to a statement from Prime Minister Mark Carney. Key points of the agreement:
- Canola Canada exports to China: Tariffs sharply reduced from 85% to 15%, effective before 3/1 - accelerating the rescue of the agricultural sector.
- Chinese electric vehicles into Canada: Import tariffs reduced from 100% to MFN 6.1%, but limited to 49,000 vehicles per year.
- Seafood & agricultural products: Tariffs reduced for lobster, crab, and Canadian peas.
- Investment: Opening the way for Chinese capital flows into Canada, focusing on real economy sectors.
The US has just acquired Venezuela and Greenland. Previously, Trump demanded the annexation of Canada. The move also aims to intimidate the United States by signaling that Canada is ready to choose other allies if the US wants to cause territorial disputes in the future.