Carney says Canada has no plans to pursue free trade agreement with China as Trump threatens tariffs
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Carney says Canada has no plans to pursue free trade agreement with China as Trump threatens tariffs
Updated: 2026-01-25T17:26:53Z
Carney says Canada has no plans to pursue free trade agreement with China as Trump threatens tariffs
Canadian Finance Minister Bill Morneau's office confirmed yesterday that there are no plans to negotiate a bilateral free trade agreement (FTA) with China, following recent tensions between Ottawa and Beijing.
This move comes after US President Donald Trump threatened to impose tariffs on Canadian steel and aluminum imports. The tariffs were initially levied in 2018 but lifted in 2020; however, they have been reinstated due to ongoing concerns about Chinese subsidies to Canadian steel producers.
Canada's current trade agreements with China are governed by the Canada-China Trade Agreement (CCTA), which went into effect in 2019. The agreement includes provisions for market access and trade facilitation but does not cover sensitive areas like agriculture or services.
How will this impact global trade?
The decision to rule out a bilateral FTA with China highlights the complexities of global trade negotiations.
Canada's stance may be influenced by its relationship with the United States, as well as ongoing tensions between Ottawa and Beijing over issues like human rights and intellectual property protection.
The CCTA provides some benefits to Canadian businesses but falls short of offering comprehensive market access in key areas.
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We'll continue to monitor this story and provide updates as more information becomes available.
