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Carney Hails ‘New Era’ With China as Canada Signs MOUs, Tariff Rift Persists

Friday’s meeting with President Xi will gauge whether symbolic agreements lead to concrete market access.

Overview

  • Canada and China signed non-binding agreements across energy, agriculture and other areas, including an energy memorandum that sets up ministerial talks every 12 to 18 months.
  • The energy pact includes dialogue on oil, LNG, LPG and clean technologies but contains no commitments by China to purchase Canadian petroleum or LNG.
  • A separate economic and trade co-operation road map outlines intentions on investment transparency and signals interest in two-way investment without changing Ottawa’s national‑security screening.
  • Dueling tariffs remain in place, with Canada’s 100% levy on Chinese EVs and China’s duties on canola, pork and seafood unresolved as officials describe negotiations as ongoing.
  • Domestic pressures sharpen the divide, as Ontario Premier Doug Ford urges Ottawa to keep EV tariffs, prairie producers report losses from Chinese duties, and Carney’s praise of Xi draws scrutiny at home.