Archive · 11 Jun 2025
Ex-Minister Urges Canada to Bolster China Ties Amid US Uncertainty
A former Canadian official is saying Canada should be friends with China.
He thinks it would be good to have more partners since the US is unpredictable right now.
Canada is already talking about trading more with China and other countries.
Canada is also talking to the US about making trade easier, like lowering taxes on goods.
Canada is increasing its defense spending to meet NATO's goals.
The former official believes the US is mostly just trying to get attention.
The two countries are discussing trade changes, including more access to dairy markets and a bigger role for Canada in NATO.
However, Canada won't change how it shares things like fresh water.
Former Canadian finance minister Bill Morneau urges better China ties to hedge US risks.
Morneau notes China is Canada's second-largest trading partner.
Canada is seeking to diversify its economic partnerships.
Canada is in trade talks with the US to ease tariffs.
Canada announced a boost to defense spending to meet NATO's target.
- Who
- Bill Morneau, Mark Carney, and Donald Trump.
- What
- Morneau is advocating for stronger ties with China.
- When
- Morneau spoke Wednesday at the Bloomberg Invest conference.
- Where
- Hong Kong, Canada, and the US
- Why
- To hedge against uncertainty from the US and diversify economic partnerships.
Canada's Diversification Strategy
US Economic Relationship
Economic Partnerships
Canada's Diversification Strategy
Canada should diversify its economic partners including China.
US Economic Relationship
Maintain strong ties with the US.
- Former Official
- Bill Morneau
- Morneau's former role
- Finance Minister
- Current trade talks
- Canada and the US
- Canada's Trade Partner
- US
- NATO Target
- Boost in defense spending