Politics Insider: Carney's deal with China reduces tariffs in both countries [Globe and Mail, The (Toronto, Canada)]
Ford Motor Company (F)
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Source: Globe and Mail, The
return for big reductions in Beijing's levies on canola seed and a promised elimination of its tariffs on a host of other products. Steven Chase and Bill Curry report that the deal brings about a truce in a trade war between Ottawa and Beijing as the Prime Minister seeks bigger overseas export markets and new foreign investment to offset the economic damage caused by U.S. President Donald Trump's protectionist tariffs. At the same time, the deal raises the prospect that Canada may be putting itself offside of Trump's tough-on-China agenda, which the President expects allies to follow. However, Trump did not immediately criticize Carney's deal. Saskatchewan Premier Scott Moe, who accompanied Carney to China, praised the deal as “very good news” for his province. Western premiers had been asking the Prime Minister to lift the EV tariffs in exchange for relief for the canola and agricultural sectors. Meanwhile, Ontario Premier Doug Ford said the federal government's deal to l
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