Congrats to Trump for moving Canada and China closer together.
Canada Announces a New Strategic Alliance With China
The New York Times reports Canada Breaks With U.S. to Slash Tariffs on Some Chinese Electric Vehicles
Canada will lower tariffs on some Chinese electric vehicles and China will do the same for Canadian canola products, a major shift in policy that was announced on Friday during a landmark state visit by Prime Minister Mark Carney of Canada to Beijing.
Mr. Carney announced that Canada will allow up to 49,000 Chinese electric vehicles into the Canadian market under a preferential tariff rate of 6.1 percent. That is much lower than the current rate of 100 percent that Canada imposed in 2024 at the behest of the United States.
Mr. Carney made his announcement after meeting with President Xi Jinping of China in Beijing on Friday, where the two leaders hailed a new “strategic partnership” between the countries, as the previously frosty relationship showed signs of a thaw.
Mr. Carney told the news media in Beijing on Friday that China had become a more “predictable” partner to deal with than the United States and that “you see results coming from that.”
Wu Xinbo, the dean at the Institute of International Studies at Fudan University in Shanghai, said: “I think China not only views Canada as an important economic partner, but also as a useful diplomatic counterweight in dealing with the United States.”
Mr. Carney also announced on Friday that China would make a “considerable investment into Canada’s auto sector” within the next three years as part of the agreement to lower tariffs on electric vehicles.
In exchange, Mr. Carney said that China will lower tariffs on Canadian canola seed to a combined rate of approximately 15 percent, down from about 85 percent, and would remove its 100 percent tariffs on canola meal, offering relief to a major Canadian agricultural sector.
“President Xi and I are announcing that Canada and China are forging a new strategic partnership,” Mr. Carney said.
Scott Moe, the premier of Saskatchewan, home of Canada’s canola industry, welcomed the news. Mr. Moe was with Mr. Carney in Beijing.
“This deal is a very positive signal that will restore existing trade volumes and open avenues for further opportunities for Canadians,” Mr. Moe said.
But Doug Ford, the premier of Ontario, where Canada’s automobile industry is based, criticized the lowered tariffs on Chinese electric vehicles.
“The federal government is inviting a flood of cheap made-in-China electric vehicles without any real guarantee of equal or immediate investments in Canada’s economy, auto sector or supply chain,” Mr. Ford said.
Great News for Canadian Car Buyers and Ag Exporters
The new alliance is great news for Canadian car buyers and agricultural exporters.
Canadians will be able to get much more for their money on Chinese cars than to buy US cars. And Canadian agricultural exporters can export more product too.
China can embrace a China first, Canada second policy, Brazil third policy.
Since Trump wants Venezuela oil, let him have it (after the US spends as much as a hundred billion dollars in infrastructure needs.) And since China is a more reliable partner for Canada than the US, Canada should develop more terminals to export more crude to China.
If much of this sounds ass backward, it’s because it is ass backward.
Rather than working with the rest of the world to rein in China, Trump has pushed Canada to the point where it feels the need to develop a strategic alliance with China.
Well done Mr. President.
Related Posts
May 8, 2025: Fact Check on Trump’s Claim “We Don’t Do Much Business with Canada”
“We don’t do much business with Canada from our standpoint, they do a lot of business with us.”
In terms of US exports, Canada is #1. Canada buys more US goods than the entirety of the EU.
Cheese Was a “Key Achievement” of Trump’s USMCA Trade Agreement
Finally, please consider Cheese Was a “Key Achievement” of Trump’s USMCA Trade Agreement
Trump is complaining about Canada’s cheese tariffs. In 2018, he was bragging about cheese.
Flashback October 1, 2018
Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal already reached with Mexico. The new name will be The United States Mexico Canada Agreement, or USMCA. It is a great deal for all three countries, solves the many deficiencies and mistakes in NAFTA, greatly opens markets to our Farmers and Manufacturers, reduces Trade Barriers to the U.S. and will bring all three Great Nations together in competition with the rest of the world. The USMCA is a historic transaction!
It was such a great deal that Trump thanked Mexico and Canada. Notably USMCA is “Good for everybody – Farmers, Manufacturers, Energy, Unions – tremendous support. Importantly, we will finally end our Country’s worst Trade Deal, NAFTA!”
It “greatly opened markets to our farmers” and it even paid for the wall! And it will bring three great nations together!
Mercy! Who could possibly see things any differently?
October 25, 2025: Trump Cancels Trade Talks with Canada Over a Ronald Reagan Ad
Reagan was right then, and he is right now.
Understanding the Tantrum
Why did Trump suddenly go from “If I was Canada, I’d take that same ad also,” to a hissy fit?
Most likely Trump talked to one of his trade hawks and reacted like a two-year old child throwing a tantrum.
The results speak for themselves.
I think France should ask for the Statue of Liberty back.
Besides they need the copper,
This is the beginning of the end for the NA auto industry.
Once Americans see what Canadians can have they’re going to be demanding the same. Lots of car YouTubers are going to be traveling to Vancouver to review the new Chinese vehicles, word will spread fast.
We don’t have to be slaves to wildly overpaid autoworkers.
The US/Canada autoworker wage is 10X higher than that of Mexico & China.
Are they 10X better? 10X more productive? NO, exactly the opposite.
Six months before Trump tariffs, October 2024, Canada initiated 100% surtax on Chinese EVs, 25% surtax on imported steel and aluminum products, surtaxes on batteries, semiconductors, solar panels and critical minerals. In response, March 2025, China announced reciprocal tariffs on Canada’s $2.6B agricultural and food products.
China’s 5 month delay in Canada’s reciprocation was seen as strategic signal to the Trump administration. According to Reuters, an agriculture analyst at Trivium China, Even Pay, said “Beijing will use the election and change of Canada’s leader as an opportunity to reset relations as they did with Australia”. In 2020, China introduced tariffs on key Australian exports in retaliation to Australian COVID origins probe. Beijing did not lift Australian bans until 2023, one year after Australian Prime Minister Anthony Albanese ousted Scott Morrison, who called for the COVID inquisition.
This is economic strategy between China and Canada, that history has repeated.
Canadians who buy junky Red Chinese made EVs will regret that decision. Canada might be too socialistic for even Beijing when it comes to any kind of deals.
I’ll never buy a chinese EV. Our salt on the roads will turn these into rust bucket bombs within a year. They performed abysmally in Russia that mainly uses sand and gravel on the roads in winter. I shudder to think how they’ll manage here.
And none of this addresses CCP access to the car’s telemetry and control systems.
Doing business with a country that has repeatedly stated they want to rule the world is a bad idea.
P.S.: btw China has screwed Canada over on so many deals in the past, it’s actually a national embarrassment. The Chinese have a saying, “The Canadians are so green you don’t have to cook them to eat them.”
Oh, look: Blackhawks over the Ottawa River! I guess Mr. Carney will be playing pinochle with Maduro for the next 30 years.
But seriously, let’s check facts; leaving aside energy (which Canada sells at preferential prices to USA) America has a trade SURPLUS with Canada $63B in 2023 and $55B in 2024. Name one thing Canada should want to buy from USA rather than China (besides porn); it’s NOT EVs where BYD just overtook Tesla as the world leader in unit sales (2.2 million) forcing Musk to pivot to the fake robo-taxi vaporware story.
Kidnapping heads of state and tweeting incoherently about tariffs is not coherent economic policy for a serious nation.
It was quite interesting to listen to Carney’s TV interview where he talked about multipolar world. He seems to be determined to move out of USA’s political orbit. That looks like middle finger to Orange King. How will the King react?
Canada will soon have A lot less auto related jobs. The EU and Canada have had a almost free ride off the USA for decades. Canada will soon find out who the real economic bully is in the world and it’s not the USA. We do a trillion in trade with Canada with mostly one sided deals that greatly benefit them. China will take a lot more for what they offer with much worse deals then they had with the USA.
The economic bullies are the debtmonger currency debasers including the US Republican and Democrat uniparty, and the federal reserve and all their corporate donors, and wall street and the bankers. Some areas where China is wrong is not having free speech or free and fair elections for their citizens. The govts of the USA and Canada have caused most of their countries problems by attempting to prop up stupid asset bubbles in stocks and real estate with money printing and interest rate repression, along with the idiotic fake culture war left vs right propaganda daily spewed by the mainstream media.
about you check the facts. at some point, ignorance is no longer an excuse.
Using the same U.S. source/basis (so it’s apples-to-apples, goods only, USD, 2024):
Total U.S. goods exports to Canada (2024): $349.9B
Total Canadian goods exports to the U.S. (2024): $411.9B (reported by the U.S. as “U.S. goods imports from Canada”)
So in 2024, Canada → U.S. goods exports were about $62.0B higher than U.S. → Canada goods exports (that’s the U.S. goods trade deficit with Canada).
I talked about Canada US trade many times
Excluding Oil, the US Has a Trade Surplus with Canada Every Year Since 2008
https://mishtalk.com/economics/excluding-oil-the-us-has-a-trade-surplus-with-canada-every-year-since-2008/
Fact Check on Trump’s Claim “We Don’t Do Much Business with Canada”
https://mishtalk.com/economics/fact-check-on-trumps-claim-we-dont-do-much-business-with-canada/
Cheese Was a “Key Achievement” of Trump’s USMCA Trade Agreement
https://mishtalk.com/economics/cheese-was-a-key-achievement-of-trumps-usmca-trade-agreement/
Exactly! Carney will awake, well after China has put him down to rest. In 2-3 years, he will slowly become coherent to what he did, to what was once his Country. Fool!
It’s not just China. Carney is travelling all over the world looking to expand trade with everyone. He is trying to undo Canada’s decision to become fully integrated and dependent on the US economy. Which turned out to be a huge mistake.
The headline on Drudge is: EU signs trade deals with South America!
https://apnews.com/article/mercosur-european-union-trade-agreement-south-america-b779460da4b7ecb6aa15d322976fa70d
ASUNCIÓN, Paraguay (AP) — The European Union and the Mercosur bloc of South American countries formally signed a long-sought landmark free trade agreement on Saturday, capping more than a quarter-century of torturous negotiations to strengthen commercial ties in the face of rising protectionism and trade tensions around the world.
That’s right, low cost goods and higher quality of life, all for the taking if you know what to do…..don’t make me say it!
How many years did this take?
Is it a done deal yet or subject to EP and court challenges?
After 25 years of negotiations, it’s a done deal. At least as far as trade deals go in the EU.
It is better to be America’s enemy than its friend. The Bizarro World of Trump.
Carney also made a deal with China on softwood lumber. The US has been bashing Canada’s softwood lumber industry for at least three decades and Trump has basically shut down almost all imports into the US with his tariffs. So it was to be expected that Canada had to do something. This will drive US lumber prices up. It will be good for the US lumber industry but not so good for consumers.
US auto manufacturers will soon only be selling cars in America. The entire world in losing faith is us as a trading partner due to Trumps interference, threats and tariffs.
China on the other hand is marketing its products to the entire world of 8 billion people while trump narrows our companies markets to the 300 consumers in the US.
If I am a responsible and agile global company, I’m concentrating on selling to the world competitively not just over-leveraged debt slaves in the US.
Trump is a disaster for the US.
– US auto manufacturers will soon only be selling cars in America. > I agree, and other places on earth, where they make the money to do so.
– The entire world in losing faith is us as a trading partner. > I wouldn’t go that far, but we need to be more competitive, but that’s not on Trump!
– due to Trumps interference, threats and tariffs. > Nope! Due to “Very High Union Wages & Benefits. Our Unions, and those pushing for them, have sold out out Countries Competitive Ability. We pay do damn much for our Union Contracts, that we are not able to sell anywhere but in America. We have stifled ourselves For $Greed$ and Trump has no power to stop that. We also GIVE Our Countries Money Away, or watch it get stolen, and do nothing. How do we expect to be competitive, when we can even control our own spending? We need to back to a Merit Based Job search functionality, and get the right people for the jobs, and not those with a piece of paper that says so…
– China on the other hand is marketing its products to the entire world. > Cheap, cheap, cheap, so why not?
– trump narrows our companies markets to the 300 consumers in the US. > Those in the World that can afford out Union backed Pricing…
– I’m concentrating on selling to the world competitively. > Get rid of our Unions and we would instantly become World Competitive. Of course, then we wouldn’t be able to buy in America either then…
– Trump is a disaster for the US. > In this arena, Trump has nothing to do with it. Blame is off… It’s the Unions and the Money we give away/stolen that’s the issue!!!
Canada is selling out its auto industry. Good luck with that.
…selling out it’s US controlled auto industry…
50,000 electric cars is a sellout? I would say Canada is selling out Tesla.
Many Canadians have already done that anyway and with Ford and GM closing up their EV shops they obviously don’t want to be in that business anyway. So the market is going to absorb these cars in one gulp.
It won’t end with 50K. China will soon threaten tariffs if the number isn’t raised to 100K and then higher and higher.
I imagine all the auto jobs in Canada will disappear over time as they will all close their plants and move back to the US.
They will more likely lose their auto jobs because Ford, GM and Salantis go out of business. Maybe China will build some plants in Canada.
Very likely.
At what point of desperation will it take, for Canada to allow China to build Auto Plants? With Carney, I’m thinking in 2027, If they have Not ousted him by then.
You can make a ton of money on Kalshi by putting your money where your predictive mouth is.
I don’t understand why this subject seems to evoke strong emotion. I guess it’s like “yeah, man! Good for Canada showing it to Trump!” I’m fine with that sentiment. Canada should cut any deals it wants with whoever it wants to. I wish them well, although they should get themselves a First Amendment.
What you gonna sing now Donny.? “I did it my way”
I live in an extremely “safe” and highly monitored neighborhood and in the course of the last month six Priuses were smashed open and their batteries stolen. They weigh 90-120 pounds and get about 1k on the black market, and removing them is a big electrocution risk. I am glad to have my boring old Honda Civic.
Sounds like you don’t live in a safe or monitored neighborhood then.
Yeah… definitely not the sort of neighborhood. You would find a lot of Prius‘s in.
Sounds like every day in the hipster north side neighborhoods around Wrigley Field.
Likely also a symptom of the city/state/country you live in that this sort of crime exists.
Haha, all the Trump apologists come out for articles like this one. He’s a genius! he’s just watching Canada fall for the trap! He’s playing 5D chess and Carney is a fool. Canada was ripping us off by selling us oil! China is Communist, Communist I tell you!
There’s an old joke, “The Russians play chess, Americans play poker, Trump plays scratch-off lottery tickets.”
Everything he’s done internationally has harmed the US. It’s almost as if that’s the actual plan.
Tump is an active agent towards the destruction of the US, probably because he’s a Russian asset. The best way to break up NATO is to have the strongest member attack another one. Either NATO fails to fulfill Article 5 or it leads to a NATO internal conflict where Russia wins.
What if Greenland is a ruse to divert the EU from Ukraine leaving them more vulnerable? Maybe he is just a dipshit but Putin is pleased. Just because you don’t know you’re a Russian asset, doesn’t mean you’re not a Russian asset.
We need Chinese vehicle completion here. Has anyone checked the prices on new US vehicles. Don’t know how the middle class can afford them. I have exclusively driven US vehicles and am tired of their overpriced poor quality. Japanese vehicles are also expensive in the US but at least you get quality, I hope. Am looking at foreign vehicles for any future car purchases. The middle class suffers when completion is restrained through trade barriers.
You mean that narco-terrorist state to the north?
We’re busy with the narco terrorist island in the arctic right now.
You mean that narco-terrorist state to the SOUTH?
To reflect accuracy
Anyone whose resources or land we want to take seems to get a label that de-humanizes them.
Killing them becomes acceptable.
American Indians were labeled “Savages”
Venezuelan’s are “Narco Terrorists”
American protestors are “Domestic Terrorists”
Liberals are “Libtards, socialists”
What ever happened to the America I grew up in and the role of benevolent protector of freedom in the world. Why are we now attacking our neighbors and allies?
One word ~ Trump
Trump has made the public display of folks most base instincts acceptable.
you have a fantasy of what we grew up in. count the innocent women and children and men killed or made homeless or maimed by amerikan fighter jets and bombs and bullets since indochina to today. in the millions.
Canada sold about 2 Million new vehicles in 2025. Only 200,000 were Electric which equals 10% of their new car sales. China being allowed to bring in 50,000 vehicles is not a significant number yet? Canada still has high hopes to make their own electric cars so we will see if China ever becomes a bigger player in the Canadian market. Canada has signed larger deals that maybe will prove out ?Dealing with Trump means Canada must stay on their toes.
https://www.cbc.ca/news/canada/london/powerco-volkswagen-factory-st-thomas-ontario-9.6955787
I was thinking of referencing the Solid state battery VW/PowerCo/Quantum Scape project as well. Trump has absolutely destroyed our relationship with Canada and most of the rest of the world. No wonder the Gold and Silver markets are rocketing upwards.
What this will do is eventually lead to more Chinese EVs over time as the quota gets raised.
That will spell doom for all the car manufacturers in Canada who won’t be able to build for that price. So Canada is in effect saying it wants out of car manufacturing jobs for farm jobs.
In a short time the factories will be almost void of humans, robots will be doing just about everything.
The Chinese build cars with robots…and it spells the end of Unifor.
Trump is driving the world into China’s open arms. 80 years of patient alliance-building by serious American statesmen from both parties is undone by a few months of Trump’s erratic decision making. If this uncreative destruction of foreign alliances isn’t bad enough, what really puzzles me is that MAGA voters don’t dare confronting Trump and his family about their into-your-face corruption and grifting. What are they afraid of?
Maybe they don’t have teevees in their houses. The opinion polls – by phone – for the 1948 election had Dewey beating Truman. Truman apparently had a larger proportion of voters without phones.
I asked a contractor working on our house who had five kids why they stopped with five. He said the got cable.
The embedding of the phrase “fake news” into the mind of MAGA allows them to ignore anything that does not follow what Trump says that day.
There are about 30 + percent of the US who cannot be swayed by facts on the ground
30% is a high number. Maybe 26% of the voting population is Republicans and only a percentage of those are true believers…
Look at the floor of Trump popularity
– Trump is driving the world into China’s open arms.
> Not at all, but Carney is willfully Handing Over Canada’s Money into China’s awaiting Hands!
>> This is a China Move, to place as many Chinese EV’s into as many Canadian Families as quickly as possible. Drop Tariffs, Overall Cost, and make (false) promises of potential new imports from Canada Etc. You see, the Chinese get all the agricultural products Canada offers from Australia, as well as a big host of other agricultural products. One stop shopping for China, and a reduced back-up with Canada. A Sweet Deal if you can make it!!
You try so hard. It’s sad to watch.
Try to keep up Grasshopper
They are afraid of looking like fallen Christians to their evangelical neighbors. Gotten support their new Jesus the pedophile protector.
Canadian border with US peaceful for over two hundred years
Trade across border billions of dollars both ways
Sounds like a good relationship so what did Donny do? Try to destroy that because he is destructive white trash
I don’t see it that way, but that’s ok. I saw Trump trying to level the field with Tariffs, and Canada refusing to comply. The deals they wished to make would only still benefit Canada mostly. Trump held his ground and looked elsewhere, just like Canada did.
The two made their new decisions. Canada got in bed with China, and we took over Venezuela.
Trump leveled the field with Canada his first term in a deal he touted. 5 years later he claimed the term he negotiated were horrendous.
I would need more specifics?
My guess, I don’t have time now, is that he renewed a deal done prior to his Administration. He was forced/baited into it perhaps, and now years later he understands this better. He was a Political Newbie, and kicked butt mostly, in his first term, from what I recall. Enough so, that I wanted to see it again hopefully. Not there yet… 75% left to go!
Stu maybe someone switched or shuffled the cue cards on Donny or his billionaire mentors told him what to do
Google USCMA
Thank you Anthony and I guess we can’t trust a con artist and failed casino operator can we
Anthony do you even think Donny remembers that or can even read the trade deal? Donny has trouble reading cue cards and teleprompters
Conditions change and Canada changed between his first term and the second.
His brain changed… into tapioca pudding. He can’t even stay awake in meetings anymore.
El Trumpedo check out Pudding Head Wilson by Mark Twain and Donny only stays awake to be told what his cut is
Canada changed?
Stu I noticed that you did not dispute my facts and you did not dispute that I basically and directly was calling Donny “destructive white trash” and thinking that over calling Donny white trash is insulting white trash
Stu we did not take over Venezuela the story there ain’t over yet! Donny violated our US laws and Constitution only congress can declare war! Venezuela will have lots of internal turmoil which could be a civil war
Note look up Donny donater Singer and citgo
You will learn who is pulling Donny’s strings
No blood for oil
No more regime change war and we should mind our business and fix our problems
Paul Singer citgo donated millions to Donny and may make billions off of Venezuelan oil! I am wondering what mafiosa boss Donny’s cut on that will be
I think the US forced the issue and that is the disappointing part. But you do realize that it will take the US many years to realize much net benefit from Venezuela or from his tariffs? Assuming Trump is only a dick and not a dictator he will be gone and many of his policies reversed by that time. The damage to the US will be ongoing. The benefits to Canada from the trade deal with China start to accrue on signing. Obviously this is not Canada’s first choice but you gotta play the hand you are dealt.
Also it is pretty hard to build pipelines from Venezuela to the US or from Canada to China so not a very efficient move for either party. More tanker traffic = more oil spills. But DJT knows best, ay!
the people of Canada and its current leadership are not the same
the Prime Minister of Canada seems to take orders from London
the Western Provinces have initiated a break away (WEXIT)
things are in play across the globe, not just Canada
they will most likely get messier than most have imagined
The Western provinces of Canada have not initiated breaking away from Canada. That’s pure nonsense.
The solution is simple. Just take over Canada. A few platoons should be enough to subdue the unruly Canucks. This will also bring great and incredible wealth to the USA, and also finally connect Alaska to the mainland, ensuring the ability to swiftly protect it from the Russians or Chinese. It’s a win-win for America
Canada is one of the founding Countries, if not the founder, of NATO and its concept. It was brilliant as you say, as they are tiny people wise, so no self protection that’s a problem from possible takeovers. However, with the U.S. right next door, it wouldn’t work anyway, but NATO assures it.
Don’t want it and especially not by military means. I do wish they would bring back the old flag though. The maple leaf flag is uninspiring.
I’m sure Stephen Miller is planning that now.
It s true things worked like this in past human history (problematic country policy: invade). Among health issues, 10% reprensented the cause of peoples dying in wars and their consequences.
This means by 2100 at least 1.5Billions peoples in the world would have died in the consequences of such wars like the 1 you propose.
Why would Russia invade Alaska when Putin’s BFF Trump has brought Russia into a de facto alliance with the U.S.? Why do you think the U.S. has cut off nearly all assistance to Ukraine? It’s because Trump is trying to help his old friend Vladimir take over all of Ukraine & feast on the spoils of his evil war of aggression against it. Or at least avoid a humiliating defeat which looks increasingly likely.
Another reason for Canada to embrace China. Protection from the imperialist invaders.
The LynCo I drove in France was darn awesome.
I wonder if the Chinese EVs have kill switches built in like the Chinese Yutong buses they sold to Norway. They found them in a routine security testing late last year. They could turn your car off in the middle of you driving which could be a problem in winter driving through the plains of Saskatchewan.
Virtually every complicated machine is feeding info back to the manufacturer/country of origin. It’s not a secret
YouTube promo video on a manufacturer of large excavators in China clearly stated this. Big room, big video screens with location of equipment, lotsa people checking in on the location and performance of their equipment around the world. For warranty coverage, maintenance alerts and damage control. And yes, they could shut one or all machines down if they wanted
Betcha Caterpillar and John Deere are or will do that
Norway had to neutralize them by changing the SIM cards out for different ones not provided by the manufacturer and cutting them off from the internet. This is different from just updates and diagnostics. It was hidden from the customer.
gee, I wonder if your car spies on you….
https://www.mozillafoundation.org/en/privacynotincluded/categories/cars/
Spying is one thing. Turning your car off as you barrel down the highway is another thing I do not want to experience.
Or le autoroute as you say in the land of the rising frog. 🙂
Every modern car (wherever it is made) has the capability to eavesdrop on its occupants and to be shut off remotely.
Not every one. Just some.
In the dear old US, remote kill-switch technology was mandated for 2026
As of early 2025, the legislation to implement the hill-switch technology remains in place, but it is facing active legislative attempts to be overturned, such as the “No Kill Switches in Cars Act”. While some manufacturers already have the ability to track and, in some cases, remotely disable vehicles (e.g., OnStar), the mandated federal system with passive, in-vehicle technology is not yet active in 2026 model year vehicles.
What matters is the hardware. They might have kill switches but ultimately they can be driven without being connected to the internet.
They had to disconnect them and change the cards.
Woooo! Chinaman gonna getcha! Wooooo !
Teslas have it too. I trust Musk even less than the Chinese!
What’s missing here is the analysis of Canada’s business climate. If, and it’s a big if, we get another pipeline to the west coast of Canada it will take 10 years and billions in consultations before a shovel hits the ground because of our silly laws. Canada has been losing investment since 2015 when the Liberals came into power. There have been no major investments without major government money since that time. Canada has thrown billions at companies and some of them have gone bankrupt. The real products we have are natural resources and the Liberal government has so many laws in place to prevent the development of them. China is nobody’s friend and we will learn that the hard way. The tariff exemption on our agricultural products is only good to at least the end of this year. This is a temporary measure at best to control us. This is not a long term commitment. In addition, the vehicles will have untrustworthy software. This is Huawei all over again.
Trump wanted Carney as PM because he is weak and knows Carney will continue on the suicidal path of green energy and climate nonsense. Carney will drive the Canadian economy further in the ground. Government expenditures represent about 45% of the Canadian economy. Canada is borrowing money to prop up the economy and it is not sustainable.
We already have “secret” Chinese police stations in Ontario and the government does nothing about it. We have had and still have Chinese influencing our elections and politicians and nobody cares.
The biggest problem is Canadians themselves. We have become a smug nation and the majority are too stupid to realize the only reason we have the standard of living we have is because we are next door the to United States.
And this is coming from a once proud Canadian who has watched his country become a joke. We are a failed nation and don’t know it yet.
Perhaps Canada should have encouraged Quebec to leave.
Well said. There is a reason I am an ex-pat living in the US for 30 years now.
Canada has been going downhill for decades. Trudeau just sped it up in the last 10 so that the oil and gas that should be making Canadians rich is doing nothing for them.
Don’t worry Marty. Trump will invade soon and you can enjoy becoming an American. Problem solved.
There is nothing altruistic about China’s low cost products. China has weaponized manufacturing and trade for global conquest. Trade allows China to smuggle military equipment, piece by piece, into a country. Ukraine was quite successful smuggling weapons into Russia and destroying military aircraft, so the threat is very real.
Until people include China’s strategy as part of their framework of discussions, those people are supporting human atrocities and environmental destruction all the while surrendering their own freedom / sovereignty purchase by purchase.
Do you just make this stuff up?
TEMU army…
But hey, much of trade works like that, domination and influence, replace local goods with foreign goods, proceeds used to fund a corrupt and self-dealing elite.
Don’t look in a mirror too closely…
Walmart business plan 35 years ago
The real question is? Is the United States becoming worse than China?
Well, China doesn’t have millions of MAGA lunatics howling for a military invasion of Canada. So there’s that!
True but the US is not killing countless people in Tibet either.
Not yet, but nigh a million southwest of Tibet.
Obviously Canada thinks so….
It will be confirmed when China replaces the US in NATO.
<<China has weaponized manufacturing and trade for global conquest.>>
The Europeans have agreed that this is the case (Zerohedge had the related article a few weeks or months ago), but the current situation with all those deals/side deals and tariffs up and down and sideways is so chaotic, that we’ll end up assessing economics only within smaller regions.
Some areas of Canada have been losing key businesses lately, some not. One’s perception depends on how they feed their algorithm.
Having said that, I don’t think that this deal on Chinese EVs is a major thing. A working long-term oil deal would be major, but EVs are not necessarily a domino piece for that. The governments of the oil provinces would have to be politically on board, to see such a deal more beneficial than oil cooperation with the US.
—
PS. We assume governments are smart, but then, as an example, the highly educated snob Gordon Brown sold half the UK’s gold in 1999-2002 at bottom prices. That, only 7 years after the GBP’s devaluation after Soros’ famous 1992 short. Modern Americans suffer from inferiority complex and can’t see how the UK went being equivalent to “2nd poorest US State after Mississippi”. I remind that Canada, a current member of the British Commonwealth, operates under the direct influence of the UK government and the palace. That’s not an optimistic framework.
Canada does not operate under the UK Gov. The king is a figurehead.
The King still signs the laws in the UK, and it was upon his recommendation and influence that BC houses, all of a sudden, belong to an old tribe that was fishing over there. Hard to believe, yet the homeowners received official letters after a high Court made that decision. Meaning Canada is abolishing current property rights, under the guidance (or order?) of what most of us thought was a “figurehead”.
Unfortunately I concur as we are governed by total f*ckwits in SW1.
They don’t have to smuggle anything, they can surface a submarine with thousands of drones on it in San Francisco Bay if they feel like it.
You are absolutely correct, but as you can see from the comments, many folks are oblivious; that helps China succeed.
when have men in history of men, ever traded for altruistic means? we are altruistic to our friends and family and neighbors. on good days.
– Congrats to Trump for moving Canada and China closer together. > Congrats to Carney, for aligning his Country with the most powerful Communist Country in the World. Yeah this will end well for Canada and it’s Citizens, NOT!
– Canada Announces a New Strategic Alliance With China. > I’m afraid the strategy is 100% China’s.
– Mr. Carney also announced on Friday that China would make a “considerable investment into Canada’s… > Depends how much is considerable, no? Maybe $1M? Maybe less…
– In exchange, Mr. Carney said that China will lower tariffs on Canadian canola seed to a combined rate of approximately 15 percent. > Is China making that same “considerable” investment in actually purchasing the seed, because they didn’t say. Checks in the mail sort of exchange promise?
– “President Xi and I are announcing that Canada and China are forging a new strategic partnership,” Mr. Carney said. > He is a dope…
– “The federal government is inviting a flood of cheap made-in-China electric vehicles without any real guarantee of equal or immediate investments in Canada’s economy, auto sector or supply chain,” Mr. Ford said. > Exactly, a Dope as I said.
– The new alliance is great news for Canadian car buyers and agricultural exporters. > How? A hope and a prayer? Any concrete financial documents assuring such a thing occurs, or just Canadian money going out of the Country to China, and Canada’s Auto Industry getting destroyed and made Dependent.
– Canadians will be able to get much more for their money on Chinese cars than to buy US cars. And Canadian agricultural exporters can export more product too. > Yes save money, Yes spend money on Parts and Repairs, and now owe to another Country. No, lose exports from other Countries, and don’t pick up anything even close in the way of exports.
– China can embrace a China first, Canada second policy, Brazil third policy. > Until they don’t!
– Rather than working with the rest of the world to rein in China, Trump has pushed Canada to the point where it feels the need to develop a strategic alliance with China. > If Carney and Canada are that stupid and stubborn, then they will get what’s coming to them. This will be a major pitfall as many others Canada has made over the past few years imho.
– Well done Mr. President. > Which one? Carney not so much, and Canada will see, realize, and be stuck in just a few short years. Canada plays evil, and underhanded, and they are extremely good at it. Only problem is, they are a Communist Country and hate Canada, except their money, and resources. Not much value otherwise, as the population is far to small to move any financial gain, and that will disappear when they start buying China Products and not the other way unfortunately for Carney, Trump, absolutely, and for some strange reason, for him, He stayed out of it, out of the way, and fairly quiet. He knows…
Trump obviously made a bad move on his 3d chessboard.
China has captured a pawn (Canada).
for many natural resources easily delivered to china, i’d say canada is more like knight or bishop. with her location next to usa, perhaps a queen.
I agree – a queen.
I agree with that! He underestimated how dumb Carney was imo.
Canada should do much more. They should cancel their participation in NORAD and treat the US as an enemy. They should get their own nukes and close the border with the US. Trump has made the US a pariah nation cursed by God and hated by men.
Isn’t that what Ellesmere Island is for?
Sure and then what does Canada do when the US invades and takes the Canadian Prime Minister the way they did the Venezuelan one.
Canada is not going to get a divorce from the US.
It’s about time Canada started to grow up – Trump has done us a big favor here and I hope our prime minister’s new-found bravado and common sense will hold up. As for premier Doug Ford – our infamous anti-tariff man – he just loves our 100% tariff on Chinese EVs.
The Canadian automotive sector is a small part of our economy. Its way-above-average wage structure is a burden on affordability.
Wages are not a significant factor in the cost of an automobile assembled in Canada or the U.S. It’s something like 10% or a little more than that.
10% of $100,000 (Canadian). I would say that is significant.
This is going to further the split between Ontario and the West.
It’s not a good deal for Canada at all as Western Farmers have realized China can put back the tariffs anytime on ag products for some other reason (ie Canada doesn’t agree with China on something).
Canadians did not vote in Carney for this. He should be putting it back in the hands of voters before doing this.
Completely disagree. Carney was elected to bring Canada together and fend off US aspirations of making Canada the 51st state.
Which is exactly what Carney is doing. It started with dramatic reductions in interprovincial trade barriers.
After 3 decades of deepening their integration with the US economy, Canada is now reaching out to everyone else, and inking trade agreements. In every trade agreement there is some give and take. Canadian farmers needed to be able to sell their crops. Carney even had Saskatchewan premier Scott Moe with him in China, which foreshadowed what was coming.
Carney will placate Doug Ford and Ontario’s auto industry with more support for the industry.
Trump never considers consequences farther in the future than tomorrow. He’s also not acting in the best interest of the country – he’s only interested in looking good to the base and is willing to sacrifice anything and anyone to do so.
By the way, what happened to Peter Navarro? Did they lock him in the basement or something? He hasn’t been seen or heard of since Liberation Day.
new Fed chair
needs some time to learn his lines
why the concern about reining in china? seems like they want to trade goods and services with the world. nothing new in chinese long history.
Driving other countries towards China has been going on since his first term when he cancelled the TTP (which was designed to counter China).
The change is that on his second term he went in balls deep and with the body in flames.