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Chinese-Canadian Agreement to Counter US Tariffs

January 17, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Chinese-Canadian Agreement to Counter US Tariffs

China and Canada announced that they have reached a broad trade agreement to reduce tariffs on Canadian and Chinese products, in an effort by both countries to improve relations and diversify trade partnerships away from the United States, which is engaged in a trade war against them characterized by increased tariff levels. During a press conference held by Canadian Prime Minister Mark Carney and Chinese President Xi Jinping, Carney expressed his expectation that Beijing would reduce tariffs on Canadian canola oil by March 1, in exchange for Canada reducing tariffs on 49,000 Chinese electric vehicles to 6%, compared to the current level estimated at 100%. Watch the...

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