Tag: conversation

The post Carney meets China’s Xi after eight years, but deal remains elusive appeared com. Canada’s Prime Minister Mark Carney met with Chinese President Xi Jinping on Friday, marking the first time leaders from both countries have sat down for official talks in eight years. The meeting happened during the Asia Pacific Economic Cooperation summit taking place in South Korea. Carney told reporters on Saturday that people shouldn’t expect quick fixes to come out of one conversation. He said the goal was simply to start talking again at the top level after such a long break. “What the meeting accomplished, which was the objective of the meeting, was to establish that relationship at the highest level for the first time in eight years, and to unlock a few things,” Carney said before heading back home. The prime minister accepted an invitation from Xi to travel to China sometime in the new year. However, he wouldn’t say when problems like tariffs and travel limits between the two countries might get sorted out. “People sometimes simplify it down, to give this for that,” Carney said. “That’s not the way it works.” One major issue between Canada and China involves taxes placed on each other’s products. Last year, when Justin Trudeau was still prime minister, Canada put heavy tariffs on electric vehicles, steel and aluminum coming from China. In response, China placed levies on Canadian food products, hitting canola especially hard as reported by Cryptopolitan. This crop represents a major export for Canadian farmers selling to Asia. Carney said he wants to open doors for more Canadian companies to do business in China over time. He mentioned clothing retailers like Lululemon Athletica Inc. and Canada Goose Holdings Inc. as examples of businesses that could benefit. He noted that some sectors involving cyber-security technology would likely still face investment restrictions due to security concerns. Walking a careful line on.