88
Canadian PM Carney rejects boosting trade ties with China, points to Europe
(www.theglobeandmail.com)
What's going on Canada?
🍁 Meta
🗺️ Provinces / Territories
🏙️ Cities / Local Communities
Sorted alphabetically by city name.
🏒 Sports
Hockey
Football (NFL): incomplete
Football (CFL): incomplete
Baseball
Basketball
Soccer
💻 Schools / Universities
Sorted by province, then by total full-time enrolment.
💵 Finance, Shopping, Sales
🗣️ Politics
🍁 Social / Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca
That's pretty dumb, Carney. Our current situation is a product of too much focus on too few export markets. Refusing to expand trade with China is choosing to act with a limb tied behind our back for no good reason.
I suspect this is one part electioneering and one part being cautious. I expect collaboration with China to increase if he wins the election, whether we consider them our "preferred" partner or not.
Besides, China is already the technology leader in many respects and becoming in more of them over time. If we enter a world where China sells workstation/server class CPUs for a tenth of the cost of US brands, we won't be able to ignore that cost reduction.
China is just another US, only less sympathetic.
And despite everything, short of a real war we will continue to trade with the US at a reduced capacity. Which is fine. The goal of our trading strategy ought to be diversification to avoid a monopsony-like situation where any individual buyer is buying enough of our exports to severely damage us if they stop (that is, the situation we're in now).