Name: Mark Carney: Canada and China Reached ‘Landmark Trade Agreement’
Uploaded: 2026-01-16T22:50:00Z
Duration: 1 min 39 s
Description: Canadian Prime Minister Mark Carney announced several agreements with China after meeting Chinese leader Xi Jinping in Beijing, saying Canada must be pragmatic when facing a rapidly rupturing global trading system.

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Canadian Prime Minister Mark Carney announced several agreements with China after meeting Chinese leader Xi Jinping in Beijing, saying Canada must be pragmatic when facing a rapidly rupturing global trading system. Photo: Xie Huanchi/Zuma Press

https://m.wsj.net/video/20260116/127dd0e9-442a-42f0-8e78-91768ae899f0/1/hls/manifest-hd-wifi.m3u8

Canadian Prime Minister Mark Carney announced several agreements with China after meeting Chinese leader Xi Jinping in Beijing, saying Canada must be pragmatic when facing a rapidly rupturing global trading system.

Mark Carney: Canada and China Reached ‘Landmark Trade Agreement’

I'm pleased today to announce that Canada and China have reached a preliminary but landmark trade agreement to remove trade barriers and reduce tariffs. By March the first, Canada expects that China will lower tariffs on Canadian canola seed to a combined rate of approximately 15%. China is a 4 billion canola seed market for Canadian producers, and this change represents a significant drop from the current combined tariff levels of 84%. Furthermore, Canada expects a Canadian canola meal as well as Canadian lobsters, crabs and peas will not be subject to relevant anti-discrimination tariffs for March 1st of this year until at least the end of this year. Canada has agreed to allow up to 49,000 Chinese electric vehicles into the Canadian market with the most favored nation tariff rate of 6.1%. This is a return to the levels that existed prior to recent trade frictions, but it's a return under an agreement that promises much more for Canadians. It's expected that within three years this agreement will drive considerable Chinese investment in Canada's auto sector, creating good careers in Canada, and accelerating our progress towards a net zero future and the auto industry of the future. Our law enforcement agencies will increase cooperation to better combat narcotics trafficking, transnational crime, cyber crime, synthetic drugs, and money laundering.