Politics and diplomacy truly offer a fascinating dynamic. When you’re in the mix, there are chances to strike deals with both ends, benefitting from each side. However, it can easily turn into a situation where you’re caught in the crossfire, taking hits from all directions.
This was evident after Canada faced a week of intense negotiations and pressure from its closest ally, the United States. Just as the dust was beginning to settle, China upped the ante over the weekend, hitting Canada with a series of tariffs on various goods:
– Rapeseed (canola) facing a steep 100% tariff
– Items like oilcake
– Peas
– Various aquatic products
– Pork
These tariffs are slated to kick in on March 20.
This move from China serves as a counterpunch to Canada’s earlier imposition of tariffs on Chinese automobiles, steel, and aluminum, which Canada had implemented under pressure from the U.S.
Prime Minister Justin Trudeau has managed to patch up parts of his image by standing firm against the United States earlier this year. However, with a change of leadership on the horizon as he steps down, there’s hope that the upcoming Liberal leader will navigate these complex trade relationships more adeptly.
