Carney Invokes 'New World Order' in China Talks With Xi

China and Canada reached a wide-ranging agreement to lower trade barriers and rebuild ties, with Canada expecting China to cut tariffs on Canadian rapeseed.

Canada will allow Chinese electric vehicles into its market at a tariff rate of about 6%, down from the current rate of 100%, and China will offer visa-free travel to Canadians.

The agreement includes tariff concessions, with Canada anticipating a drop in canola tariffs from 85% to about 15% combined by March 1, and Beijing suspending anti-discrimination duties on other farm products.

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