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Tariffs and ‘tough’ on China: what to expect from Canada’s next PM Carney
Former central banker Mark Carney will continue battles with both Beijing and Washington when he takes the helm, analysts say
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Confrontation – and a tariff battle – is expected to continue between Beijing and Ottawa when former central banker Mark Carney takes the helm as Canada’s next prime minister, according to analysts.
Carney – who won the ruling Liberal Party leadership race on Sunday with 86 per cent of the vote and will succeed Justin Trudeau as prime minister – will also continue a battle with Washington.
In his victory speech, Carney urged the US to show “respect” to his country amid a trade war with Washington that he vowed to win.
US President Donald Trump last week imposed a 25 per cent tariff on about two-thirds of goods imported from Canada. Ottawa retaliated by slapping duties on US$30 billion worth of American goods.
On Saturday, China also announced tariffs of up to 100 per cent on Canadian food products after it concluded an “anti-discrimination” investigation that was launched in September in response to Ottawa’s tariffs on Chinese electric vehicles.
The Chinese tariffs were described by Yuyuan Tantian – a social media account affiliated with state broadcaster CCTV – as “a strong warning to some countries” intending to impose duties on China in exchange for exemptions from American tariffs on their own products.
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