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Canada Pivots to China with 50% Export Boost Plan Amid US Trade Tensions

Canada Pivots to China with 50% Export Boost Plan Amid US Trade Tensions

Author:

Global Cryptocurrency

Published:

2026-01-22 18:11:01

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BTCCSquare news:

Prime Minister Mark Carney's landmark visit to China culminated in a strategic partnership focused on energy, clean technology, and climate collaboration. The centerpiece: a bold plan to increase Canadian exports to China by 50% before 2030.

This realignment comes as Canada seeks to diversify from US markets after punitive 2025 tariffs on copper (50%), steel/aluminum (25%), and oil (10%). Historically, 95% of Canadian energy exports flowed south—a dependency this deal aims to disrupt.

The MOVE signals a recalibration of North American trade dynamics. Where Canada once accounted for 18% of US two-way trade, Beijing now emerges as the preferred counterweight to Washington's protectionism.

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