Canada backs down on China deal
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Prime minister flies to China for 3-day visit
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OTTAWA — Canada’s Liberals have received another boost in voter support after Prime Minister Mark Carney’s recent tour to China and Davos, Switzerland, with nearly half of Canadians now saying they would likely vote Liberal if a federal election were held today.
Among a host of agreements to emerge from the trip was a "preliminary but landmark" deal to slash tariffs on Chinese EVs.
Xi Jinping told visiting Prime Minister Mark Carney that he is willing to continue working to improve ties, noting that talks have been underway on restoring and restarting cooperation since the two held an initial meeting in October on the sidelines of a regional economic conference in South Korea.
Treasury Secretary Scott Bessent said on Monday that Canadian Prime Minister Mark Carney “aggressively” walked back his comments made at last week’s Davos summit in a follow-up call with President Donald Trump.
David Coletto, the boss of Abacus Data, a polling firm, reckons Mr Carney probably amassed domestic political capital with his Davos speech, a rallying cry to stand up to Mr Trump, which plays well with most Canadians.
Prime Minister Mark Carney is set to announce an increase to the GST credit today, as part of a suite of affordability measures intended to offset the rising cost of groceries.