Carney in Beijing secured tariff cuts, what comes next?

Prime Minister Mark Carney's visit to Beijing produced an agreement to lower tariffs, reportedly expanding Canadian canola exports and allowing Chinese electric vehicles into the Canadian market; the accord also frames cooperation on energy and renewable technology.

Prime Minister Mark Carney visited Beijing and secured an agreement reported to lower tariffs between Canada and China. The deal is said to expand Canadian canola exports and to allow Chinese electric vehicles into the Canadian market. The visit came amid shifting global trade dynamics, with the United States moving away from free-trade approaches and Europe offering limited upside growth. The accord is discussed as a possible opening for deeper cooperation on energy and technology. Key facts: - An agreement announced after Mr. Carney's Beijing visit is reported to lower tariffs between Canada and China. - The deal is reported to expand Canadian canola exports and permit Chinese electric vehicles access to the Canadian market. - The accord includes language encouraging cooperation on oil and gas sales alongside a shift toward renewable energy. - Chinese President Xi Jinping reportedly committed to provide visa-free travel to Canadians, which the article says could widen cross-border exchange. - The article notes recent developments including an EU-China minimum pricing scheme for Chinese EVs and plans by China to end export rebates on solar panels and batteries. Summary: The agreement could create new trade openings for Canadian exporters and a framework for technology and energy cooperation with China. Columnists in the article argue Canada could use the moment to deepen industrial and technology links rather than rely solely on resource exports. Undetermined at this time.