- Reaction score
- 8,794
- Points
- 1,260
Controlled trade is one thing, but being a tariff free back door to material dumped into NA priced below market (CCP subsidized, slave labor) is another. Chinese EVs is another issue, security specifically.
One of the objections to the US Trade deal is the approach to trading with China. The US is trying to secure itself from China's predatory methods. Canada ought to take a firm position on that with the US, but it seems to be resisting.
Diversifying away from the US is one of Canada's stated goals. But getting more involved with China is the mistake imo. The risks are already known:
-Economic coercion or sudden market loss
-Chinese supply chain dependance
-Tech and IP security
-Cybersecurity and espionage
-Foreign interference
-causing tensions with more important allies
I'm not saying Canada should avoid all trade with China, but I do not trust the LPC to not screw this up. I think the LPC in general admires how Brussels or the CCP operates.
To be more resilient Canada should emulate the US's rate of internal trade. The fact we can't freely trade internally is a major encumbrance for us. This probably should have been number 1 on PMMC to-do list... instead of running around the world. Some projects should be designated in the National Interest have been forced through months ago... instead we have MOUs and vetos handed out to small regional interests.
Besides a few thousand Chinese EV's (EV's that Ford's CEO is openly talking about teaming up with to build in the US), what products does Canada specifically buy from the China that the US doesn't buy?
Just to be clear - Canada does about 6-7% of its total trade with China - how much of the US's total trade does it do with China?
Answer - about 10-11%. So what the 'F' is the real issue here? If Canada increases its total trade with China by 50% it will be at BEST equal to the total trade that the US already has with China.
