President Donald Trump has shown support for the recent trade agreement between Canada and China.
Trump Backs Canada–China Deal
President Trump on Friday endorsed the Canada-China trade deal, calling it a “good thing” and saying Canadian Prime Minister Mark Carney should be making such a deal.
“If you can get a deal with China, you should do that,” Trump told reporters outside the White House.
This comes amid the ongoing economic rivalry between the US and China during Trump’s second term.
Deal Lowers Tariffs on Electric Vehicles and Canola
The trade deal announced Friday calls for lower tariffs on electric vehicles and canola. Canada will initially permit up to 49,000 Chinese electric vehicles at a 6.1% tariff, while China is expected to cut its tariff on canola seed by March 1.
The Canadian PM Carney highlighted the broader strategic importance of the deal in a post on X, stating: “We’re recalibrating Canada’s relationship with China — strategically, pragmatically, and decisively — to the benefit of the people of both our nations,” he said.
We’re recalibrating …Full story available on Benzinga.com
