Industry News

Canada plans deeper China trade ties as U.S. deals remain in limbo

Views : 94
Update time : 2025-09-26 13:35:25

Prime Minister Mark Carney met with Chinese Premier Li Qiang on the sidelines of the U.N. General Assembly in New York, calling the trade talks “very constructive” and saying he expects more meetings soon, including one with President Xi Jinping.

The meeting came after months of tensions that started when Ottawa slapped tariffs on China’s electric vehicles, steel, and aluminum. Beijing didn’t sit still, it fired back with steep duties on Canadian canola. But Carney and Li are now trying to cool things off, especially after Donald Trump returned to the White House in January and threw fresh tariffs at both Canada and China, making trade ties across the board more complicated.

Carney and Li address tariffs, agriculture, and exports

Carney told reporters Tuesday that the steel tariffs were one of the more direct topics on the table. “There is some alignment of tariffs with the United States,” he said. “Particularly in the steel sector, where we’ve been very clear in the approach that we have taken, and we had an open discussion with the Premier and our China colleagues about that and the reasons for that.”

Related News
Read More >>
South Africa’s coal exports rise on improved rail performance South Africa’s coal exports rise on improved rail performance
Jan .30.2026
South Africa’s coal exports rise on improved rail performance
Ukrainian industry to drive postwar recovery Ukrainian industry to drive postwar recovery
Jan .30.2026
Ukrainian industry to drive postwar recovery
Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha
Jan .30.2026
Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha
Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar
Jan .30.2026
Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar