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Canada’s leader patches things up with China as rift with Trump upends old certainties (edition.cnn.com)

submitted 1 week ago by geneva_convenience@lemmy.ml to c/world@lemmy.world

16 comments fedilink hide all child comments

Beijing — Canadian Prime Minister Mark Carney hailed a new “strategic partnership” with China during a meeting with leader Xi Jinping Friday, as the US ally took steps to reset ties with Beijing in the face of historic friction with Donald Trump.

Canada would ease tariffs on Chinese electric vehicles and expected China to significantly reduce barriers tariffs on Canadian canola seed later this year, Ottawa said in a statement after the meeting – in a major step to ease long-standing trade tensions.

The prime minister’s visit this week had made clear Ottawa’s new objective: to move its economy closer to its second largest trading partner following a year in which Trump ratcheted up trade and political frictions with Canada, imposing sweeping tariffs and publicly musing about turning the country into the 51st US state.

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[–] queermunist@lemmy.ml 1 points 1 week ago (1 children)

Neither is it capitalism that's exiling, imprisoning, and executing billionaires when they defy the Party. Just sayin'.

[–] 3abas@lemmy.world 1 points 1 week ago

Not when they break the law, when they break the law in such a way that it hurts other capitalists. You are allowed to use and abuse the average citizen, just don't steal another billionaire's share of the pie.

It's capitalism on turbo, but they also have all the means of manufacturing everything so they don't depend on a competing state.

It's still late stage capitalism, but it'll probably exist in that for a lot longer the US empire, which is collapsing because it prioritized short term profit over long term sustainability and now that china caught up in quality and pretty much surpassed it in reputation, it's beyond repair.

So they're desperately trying to control oil supply around the world, to maintain value of the petrodollar.