Having provided deliberate advice and counsel quietly on these matters, it is important to continue watching the developments as they unfold. There are trillions at stake.
President Trump’s global trade and economic reset is well underway. It is not an overstatement to say the western world economic structures within trade, banking and finance are in opposition to his efforts. Alas, as we have outlined extensively, part of the larger phase of this reset will come in the likely dissolution of the U.S. Mexico, Canada trade agreement (USMCA).
Canada is taking actions to replace their U.S. trade relationship by aligning more with the EU and China. This is a very dangerous approach for the Canadian people, because in the short-term there may be benefits; however, in the longer term the downsides are quite severe. Remember, Xi Jinping wanted Mark Carney to win the parliamentary election.
[SOURCE] – Canadian Foreign Minister’s visit to China promotes the warming of relations and new opportunities for educational cooperation! This is the most high-level contact between the two countries since 2018.
Canadian Foreign Minister Anita Anand paid an official visit to Beijing and held important talks with Chinese Foreign Minister Wang Yi.
The visit not only commemorates the 55th anniversary of the establishment of diplomatic relations between Canada and China, but also marks the 20th anniversary of the establishment of the strategic partnership between the two countries. During the meeting, the two sides discussed issues such as trade, energy, environment and public health, laying the foundation for the “normalization” of Canada-China relations.
It is worth noting that the talks took place after Canadian Prime Minister Mark Carney and Chinese Premier Li Qiang contacted during a UN meeting.
According to multiple sources, a formal meeting between Carney and Chinese leaders is being prepared, possibly as early as the APEC summit in South Korea this month.
Anand’s meeting with Wang Yi is the first official visit by the Canadian government to China since 2020. During the talks, the two sides reached a number of consensus and clarified the direction of re-establishing bilateral communication mechanisms. (read more)
What Canada is doing is the same thing as the EU. Canada is walking a precarious tightwire and hugging the Beijing Panda in an effort to replace economic dependence on the USA.
Choosing to embrace China in lieu of modifying bilateral trade agreements with the USA is a short-sighted fool’s errand. But with political calculations each entity, Canada and/or the EU collective, are pandering to their base out of an unwillingness to change trade behavior as demanded by Trump.
Yes, Canada may end up exporting more goods to China to replace the USA losses, but at what cost long-term.
Think about the EU auto-sector as an example.
To avoid paying their own climate change fines, the EU automakers are purchasing carbon credits from Chinese EV automakers. In the short term, that trick may diminish the auto company fines to Brussels but think about the longer-term problem.
China takes the revenue from the EU companies and uses it to subsidize their EV exports making their EVs cost substantially less than EU electric vehicles in the EU.
Geely, BYD, etc. can lower the price of an EV in Europe because EU car companies are giving them money. The EU is paying China to destroy the EU auto industry. You cannot make this stuff up.
In the Canadian model, Mark Carney may end up selling more stuff to China but he’s going to end up selling less to the USA because Chinese components are subject to larger USA trade tariffs.
Canada is betting they can export more $$ to Beijing than they will lose in diminished export $$ to the USA. Fine, that’s the bet (political calculation). However, the reality of the end result is increased dependency on China. That never ends well.
Beijing keeps the panda mask on while the dependency is created, see belt and road; however, as soon as it is in Beijing’s interest to drop the panda mask, ¹Canada will see the dragon face behind it.
¹Perhaps not all of Canada.
The EU is paying China to destroy the EU auto industry. You cannot make this stuff up.
The EU has done a fine job up until now destroying the Industrial Base of Europe, to think they are looking for something different, a better business model is incorrect. There are to many subsidised welfare bodies in Europe, a cull is needed, hence the Russia Russia Russia
If they have to go to war, they will be unprepared again.
Will America be in any position to help them?
It’s an open question, IMO.
If they get Canada on their side they think the US will follow suit quicker. IMHO
The EU plans on an alliance with China against Russia; mainly to get China out of BRICS. IMHO
BRICS can’t survive and usurp the NWO/Communism.
…then there are what are likely to be quite severe consequences to Canada’s defensive posture. No more protective shield by their neighbor.
Well, at least not for free.
If they want to pay, be prepared to put that coupon book away, because it’s no good here.
Wow. FAFO
Canada is dancing with the devil.
They are maneuvering with China is for ‘The King’, not the Canadian people. Canada bows to the king of England and acts for it’s good…….. They call it a ‘parliamentary democracy.’……..tsk tsk
What a farce, they bow! period.
The Canadian people will have enough oomph someday to break away from monarchy. IMHO.
Canada also calls itself a ‘ Constitutional Monarchy’ what an oxymoron!
I seem to remember that Canada was also training Chinese military not so long ago.
England needs Canada’s military might; they plan to fight Russia in WWlll. Or at least a great show on the way to ‘World Governance’ AND Canada seems ready to oblige.
They seem to forget Russia helped win WWll; and yet they are backing Germany; talk about crazy! Germany…….
Oh, how monarchies have ruled the world.
God Help US
If the leaders of the EU (and Canada) had half the intelligence of a tapeworm, they’d tell Brussels to pound sand.
“ ¹Perhaps not all of Canada.”
Is there word some of Canada may wish to break away and join the USA?
🤔
If I had to bet, I’d bet that Canada is going to take it in the shorts before this is over.
Carney clearly does not have his big boy pants on.
I’m not sure he owns a pair.
“¹Perhaps not all of Canada.” Is that a reference to Alberta and its independence movement away from the odious, liberal Ontario province?
And what happens to all of Trumps strategic planning if we end up with a democrat potus next?
Canada already has the Chinese military in country, near Comox, B.C. They are in a position to invade western Washington, in support of their political comrades.
Time coming soon to invade canada and annex it for our safety. That would actually be awesome.