Carney Rules Out China Free Trade Deal After Trump's 100% Tariff Threat
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News18•26-01-2026, 07:54
Carney Rules Out China Free Trade Deal After Trump's 100% Tariff Threat
- •Canadian PM Mark Carney stated Ottawa has no plans for a free trade agreement with China, following US President Donald Trump's threat of 100% tariffs.
- •Carney cited commitments under CUSMA not to pursue FTAs with non-market economies without prior notification.
- •Trump warned Canada would face severe consequences, including 100% tariffs, if it deepened trade ties with China, accusing Beijing of undermining Canada's economy.
- •US Treasury Secretary Scott Bessent echoed Trump's threat, stating the US cannot allow Canada to become an entry point for cheap Chinese goods.
- •The dispute follows Carney's earlier announcement of a 'new strategic partnership' and preliminary trade deal with China, and a clash over Greenland.
Why It Matters: Canada's PM Carney rejects a China free trade deal, citing CUSMA and Trump's tariff threats.
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