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Sunday, June 14, 2026
CANADA Turns Away From AMERICA
I blogged about his previously bu its impotance deserves 2x post:
Tariffs imposed by the Trump administration hit Canada hard in March 2025 but Carney and his Liberal government have been working hard to find new trade partners for the embattled country, and has done so with Germany and China:
Germany
This latest deal with Germany could be the start of a shift. Canada is a major oil and gas exporter, while Germany is a major oil and gas importer. The new agreement seems to be a match made in heaven for both nations, and some details of the deal have already been made public by outlets reporting on the sitation.
https://www.msn.com/en-ca/money/topstories/canada-forges-ahead-with-landmark-agreement-despite-tensions-with-trump/ss-AA24maPV#image=5
China:
The Canada-China deal involves several key agreements aimed at improving trade relations. Key points include:
Electric Vehicles: Canada will allow up to 49,000 Chinese electric vehicles into the market at a 6.1% tariff in exchange for China lowering tariffs on Canadian canola to 15% by March.
1. Agricultural Products: Canadian canola meal, lobsters, crabs, and peas will no longer be subject to Chinese anti-discrimination tariffs from March 2026 until at least the end of 2026.
2.Energy Cooperation: The agreement also reflects a broader partnership in energy and clean technology sectors, marking a de-escalation in tensions between the two countries.
This deal represents a significant step towards a more cooperative relationship between Canada and China, addressing long-standing trade issues and enhancing mutual interests.
Good Job Mark! Trump and the Americans are Old News...
PG
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