Can Canada and China repair their relationship?
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 16 January 2026
⏱️ 9 minutes
🧾️ Download transcript
Summary
From the BBC World Service: Canadian Prime Minister Mark Carney and Chinese leader Xi Jinping have announced a "new strategic partnership" at a meeting in Beijing. The deal encompasses clean energy and lower tariffs. Then, the United States and Taiwan have reached a trade agreement that reduces import taxes on goods from the island, while increasing Taiwan's technology investment in the U.S. And later, we look at the growth in the low- and no-alcohol drinks industry.
Transcript
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| 0:00.0 | Canada and China repair their relationship with a new trade deal. |
| 0:05.7 | Live from the UK, this is the Marketplace Morning Report from the BBC World Service. |
| 0:10.2 | I'm Guy Kilty. Good morning. |
| 0:12.7 | Canadian Prime Minister Mark Carney and Chinese leader Xi Jinping have announced a new strategic partnership |
| 0:18.5 | between the two countries in Beijing. |
| 0:20.8 | The two sides have signed an agreement to cooperate on clean energy and fossil fuels and lower |
| 0:25.8 | import tariffs on a range of products. James Griffith is Asia correspondent for the Canadian |
| 0:31.0 | newspaper, The Globe and Mail, and has been following this story closely. James, thanks very much |
| 0:36.0 | for joining us on Marketplace. Thanks, having me. So we've now know that Canada and China have agreed a new strategic |
| 0:42.7 | partnership. Just run us through some of the details. Yes, so we just heard from Prime Minister |
| 0:47.5 | Mark Carney at a press conference in Beijing where he outlined parts of this partnership, |
| 0:52.8 | which includes allowing 49,000 Chinese electric vehicles |
| 0:56.8 | into Canada, on the Chinese side, dropping a large number, a large amount of tariffs on Canadian |
| 1:03.4 | canola seed and some other agricultural products, and then also smaller deals on Chinese |
| 1:08.3 | investment, which hasn't been completely outlined yet, but probably |
| 1:11.1 | investment targeting the energy sector, deals on tourism, including visa-free access for Canadians |
| 1:16.1 | to travel to China. And how significant a deal is it for both sides? It seems barely significant, |
| 1:22.1 | especially from the Canadian perspective, Mr. Carney's made a relatively small concession, which is Canada |
| 1:29.8 | previously had a 100% tariff on Chinese EVs, which was copying a similar measure in the |
| 1:35.9 | US that was adopted by the Trudeau government. And Mr. Carney has reached an agreement where |
| 1:41.0 | Canada will accept 49,000 Chinese EVs, which was the same as they |
| 1:44.9 | were accepting in 2023 before those tariffs came into force. And in return, China is dropping |
... |
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