Canadian Prime Minister Kanie said on the 16th: "We are eliminating trade barriers, unlocking billions of dollars in business opportunities for Canadian farmers, fishermen, and workers in the agricultural and food industry. We expect China to reduce the tariff on Canadian canola from 84% to around 15% by March 1st, and canola meal, peas, lobsters, and crabs will no longer be subject to discriminatory tariffs."
Comments: Previously, former Canadian Prime Minister Trudeau followed the U.S. in imposing a 100% tariff on Chinese electric vehicles. China's countermeasures caused near-halving of canola exports to China, with individual farm losses exceeding 450,000 CAD, and lobster sales stagnation among fishermen. Kanie's move essentially aims to rescue the pressured agricultural voting bloc at home.
China allows agricultural benefits, in exchange for Canada lowering tariffs on Chinese electric vehicles (49,000 units enjoying a 6.1% low tax). You give me grain, I give you cars. Mutual benefit is the key to breaking the deadlock.
Original article: toutiao.com/article/1854513088608259/
Statement: The article represents the views of the author alone.