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Canada and China Strike New Trade Deal Linking EVs and Canola

Prime Minister Mark Carney meets with President of China Xi Jinping at the Great Hall of the People in Beijing, China on Friday, Jan. 16, 2026.  Canada and China have reached a new tariff agreement that ties together two major sectors: electric vehicles and agricultural exports. The deal marks a notable shift in the countries’ economic relationship after years of tension. Under the arrangement, Canada will permit up to 49,000 Chinese-made electric vehicles to enter the market at the standard tariff rate. In return, China will reduce duties on Canadian canola seed to 15% by March and eliminate tariffs on canola meal, lobsters, crabs, and peas for the remainder of the year. Canadian officials describe the agreement as a pragmatic step toward stabilizing ties and expanding trade opportunities. The move could reshape Canada’s EV market by introducing more competitively priced Chinese models, while also restoring valuable access for Canadian farmers to one of their most important ...
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Trump and Zelensky to Sign Landmark Minerals Deal at White House

In a significant diplomatic move, U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky are set to meet at the White House today to finalize a minerals deal. The agreement aims to grant the United States access to Ukraine's rare earth minerals in exchange for American investment and potential security guarantees for Kyiv.

The deal is seen as a strategic win for both leaders. For Trump, it represents an opportunity to secure valuable resources and potentially reimburse American taxpayers for the substantial military aid provided to Ukraine. For Zelensky, the agreement could bolster Ukraine's economy and strengthen its security amid ongoing tensions with Russia.

However, the deal is not without controversy. Critics argue that the actual mineral wealth in Ukraine is uncertain and that much of it lies in war-torn regions, making extraction challenging. Additionally, there are concerns about the lack of clear security guarantees in the current framework of the agreement.

As the two leaders prepare to sign the deal, the world watches closely, anticipating the potential geopolitical and economic impacts of this landmark agreement.

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