October 31,2025
RED FM News Desk
Following a meeting between Prime Minister Mark Carney and Chinese President Xi Jinping in South Korea, China’s ambassador to Canada, Wang Di, suggested that Canada and China could triple their trade if market conditions allow.
Ambassador Wang said that if both sides have compatible and competitive products, there’s no reason trade couldn’t reach three times its current level. His remarks came after Carney announced a goal to double Canada’s non-U.S. exports over the next decade. In 2024, trade between Canada and China totaled $118.7 billion, including $30 billion in Canadian exports.
Carney called his 39-minute meeting with Xi a “turning point”—the first between Canadian and Chinese leaders since 2017—signaling a potential thaw after years of strained relations following the 2018 Meng Wanzhou arrest and the subsequent detention of Canadians Michael Kovrig and Michael Spavor.
Both leaders agreed to work quickly to resolve trade disputes involving canola, seafood, and electric vehicles, and Carney accepted an invitation to visit China.
Wang said the bilateral relationship is “beginning to recover and improve” and urged both countries to adopt a “rational” view of each other. He added that tariffs don’t define the entire relationship, though he acknowledged more work is needed to resolve them.
China currently imposes 100% tariffs on Canadian canola oil and meal, 75.8% on canola seed, and 25% on certain seafood, in retaliation for Canada’s 100% tariff on Chinese-made EVs.
Canadian leaders remain divided on whether to lift EV tariffs: Saskatchewan and Manitoba premiers want them dropped, while Ontario Premier Doug Ford and Conservative Leader Pierre Poilievre support keeping them.
At the same summit, Xi also met with U.S. President Donald Trump, agreeing to tariff reductions in exchange for Chinese cooperation on fentanyl, rare earth exports, and soybean purchases.
Wang said Canada and China’s discussions are ongoing and promised “more good news on the way.”
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