Canada and China announce tariff-quota deal

Canadian Prime Minister Mark Carney and Chinese President Xi Jinping announced a tariff-quota agreement; Carney described talks as reasonable and said China has been "predictable" recently. The deal is reported to be in its early stages as leaders frame it in the context of changing global trade dynamics.

Canada and China announced a tariff-quota agreement this week after talks between Canadian Prime Minister Mark Carney and Chinese President Xi Jinping. Officials described the discussions as reasonable and respectful, and Carney said China has been "predictable" as of late. The deal was framed as part of an effort to adapt to new global trade realities amid shifts in U.S. trade policy. Details and timelines were not provided in the report. Key points: - Canadian Prime Minister Mark Carney and Chinese President Xi Jinping reached an agreement described as a tariff-quota deal. - Carney characterized talks with Beijing as reasonable and respectful and said China has been "predictable" recently. - The agreement is in its early stages and was presented as part of adapting to new global trade dynamics; no implementation timeline was reported. Summary: Officials say the agreement signals a shift in Canada–China engagement and is being presented in the context of changing global trade policies. Undetermined at this time.