<![CDATA[Canada]]><![CDATA[China]]><![CDATA[Mark Carney]]><![CDATA[Tariffs]]><![CDATA[Xi Jinping]]>Featured

Dropping That China Trade Deal Like a Hot Won Ton – HotAir

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January 26, 2026
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Dropping That China Trade Deal Like a Hot Won Ton – HotAir

Oh, Xi Jinping Pooh is not going to be very happy with Mark Carney, the globalist squish Prime Minister of Canada. 

It wasn’t a week ago that the two of them were bestest broskis and the rest of the Western Hemisphere was going, ‘You out your mind, dude? Or just having a Newsom moment?’





Even the Washington Post took a step back.

DUDE

Especially when Carney talked about how much common ground he and Xi had found discussing such important Chinese-Canadian issues as…Greenland.

And ‘Canadian sovereignty.’

I FOUND MUCH ALIGNMENT

Carney negotiated a wicked good deal with the Chinese while he was there. The Chinese got doors opened to run freely into Canada, while the Canadians got a larger market for pet food.

What a score.





It had to be dog-eat-dog at the bargaining table as Carney charted a course with his new friends to that ‘New World Order’ he’s so fond of.

…Carney is in China as part of his effort to move past years of diplomatic tension with Beijing and double non-U.S. exports over the next decade. He’s expected to meet with China’s President Xi Jinping on Friday. 

At this point, there is no sign of a breakthrough to drop or limit Beijing’s retaliatory tariffs on Canada’s agriculture industry, including canola, and Canadian officials won’t say what they’re willing to do to reach a resolution.

…Both countries also agreed to increase exports of Canadian pet food to China, improve tourism and re-upped previous agreements, including to combat crime.

“We’re now in a new era of partnership with China,” Industry Minister Mélanie Joly told journalists.

Carney told China’s Premier Li Qiang at a meeting that teams in both countries have been working in recent months “to address some specific issues that have built up over time” and to “put in place the foundation for the new strategic partnership between” Canada and China. 

The progress made in recent months, Carney said, will help set Canada and China up “for the new world order.”

What Carney had actually agreed to blew some minds. To send China more pet food and have them required to buy nothing in return but vague promises of canola oil later, Carney agreed to drop tariffs on Chinese EVs and let a boatload of the little spy machines on four wheels into Canada.





…To help deliver the full potential of these partnerships, and build up our domestic manufacturing sector, Canada will allow up to 49,000 Chinese electric vehicles (EV) into the Canadian market, with the most-favoured-nation tariff rate of 6.1%. This amount corresponds to volumes in the year prior to recent trade frictions on these imports (2023-2024), representing less than 3% of the Canadian market for new vehicles sold in Canada. It is expected that within three years, this agreement will drive considerable new Chinese joint-venture investment in Canada with trusted partners to protect and create new auto manufacturing careers for Canadian workers, and ensure a robust build-out of Canada’s EV supply chain. With this agreement, it is also anticipated that, in five years, more than 50% of these vehicles will be affordable EVs with an import price of less than $35,000, creating new lower-cost options for Canadian consumers.

Even the pugnacious premier of Ontario, Doug Ford, said ‘Hey! Nobody asked me!’

Ford said it was going to be terrible for the automakers and their supply chains in his region, and letting loads of Chinese vehicles into Canada at a far better tariff than they charge their largest trading partner, the United States. He didn’t see how that would go over too well with President Trump. 





Carney was thrilled. For a banker, he sure does suck at the #mathz.

Carney got his moment of New World Order glory at Davos right after that with a speech that thrilled globalists and TDS sufferers to the core (‘one for the ages’, the Financial Times gushed), shortly before having a verbal punt gun trained on him by the newly arrived President Trump for his craven crawling to Xi.

But Carney’s preening only incensed Trump as further details of the Chinese ‘trade’ deal were revealed, and two days ago, the American president laid the hammer down.

You go right ahead, Trump said, but I’ve got tariffs, and I’m not afraid to use them.

…The new agreement has consequently sparked the ire of Trump. On January 24, he posted on his Truth Social platform: “If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the USA.”

US Treasury Secretary Scott Bessent echoed Trump’s remarks, telling ABC News yesterday that the US could not let Canada “become an opening through which the Chinese pour their cheap goods into the US”.

Trump was reportedly also angered by a speech Canada’s PM gave at the World Economic Forum (WEF) in Davos. In a special address on January 20, Carney had warned against economic coercion by the world’s superpowers.





Bessent spelled out the particulars regarding US objections so well, as he usually does.

…KARL: “Why is Donald Trump threatening Canada with another trade war?”

BESSENT: “Prime minister carney came back, dropped some industry specific tariffs on Chinese goods and we have a highly integrated market with Canada.”

“He dropped the EV tariff from 100% to 6%, goods can cross the border during the manufacturing process six times.”

“We can’t let Canada become an opening that the Chinese pour cheap goods into the U.S.”

“We have a USMCA agreement, but based on that, which is renegotiated this summer, and I’m not sure what Prime Minister Carney is doing here, other than trying to virtue signal to his globalist friends at Davos, I don’t think he is doing the best job for the Canadian people.”

Carney tried a desperate ‘it’s not a gang, it’s a club‘ backpedal yesterday, but it was too late. The pressure to scrap the deal was building on all sides, even from Ontario.





Carney semi-pulled the plug with some weaselly language this afternoon.

THEY’RE MORE WHAT YOU’D CALL TARIFF RELIEF THAN ACTUAL TRADE DEAL STUFF

Gosh, he said, I’m so looking forward to working with our favorite trading partners in the whole wide world!

Canada’s centre-left Prime Minister Mark Carney has said his country will not pursue a trade deal with China following a threat of huge retaliatory tariffs from US President Donald Trump.

Speaking to reporters today, Carney said: “We have commitments under CUSMA [the Canadian term for the North American free trade agreement USMCA] not to pursue free-trade agreements with non-market economies without prior notification.

“We have no intention of doing that with China or any other non-market country.”

Yeah. But see, Carney hasn’t said he is rescinding his decision on the Chinese EVs.





I’m not sure what razzle-dazzle Carney thinks he’s accomplishing, but it’s definitely the wrong guy to try to bamboozle.

Trump wrote the book on the rules.

I bet he saw the movie, too.


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