China and Canada Agree on Tariff Easing After High-Level Talks

As part of the deal, China is expected to drastically China Canada tariffs relief canola oil, from 15% to just 15% by March 1. In exchange, Canada will apply the standard most-favored-nation tariff of 6.1 percent for Chinese electronic vehicles. In a statement to journalists, Carney described the deal as a significant move after a long time of trade tension.

President Xi has praised what he calls an "turnaround" in bilateral relations. For Carney his visit to China has special significance because Carney has become the first Canadian premier to travel to China for more than ten years.

The agreement could open the way for increased Chinese investment in Canada, a move that is happening at a delicate moment, considering Canada's close relations with both the US and China. the US. Carney seemed to recognize that the changing dynamics of trade that are influenced by Washington's trade policy and policies, played a part in making Ottawa as well as Beijing closer.

Carney noted that Canada's relations with China has changed to be increasingly "predictable" in recent months as he described his conversations at Beijing to be "realistic and respectful." But, Carney stressed that Canada isn't in alignment with China in all matters. He stated clearly the government's "red lines" during Carney Xi meeting, which included concerns about the human rights situation, election interference as well as the importance of having solid boundaries within the relationship.