In exchange for tariff exemptions, cater to the United States to curb Chinese goods

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According to Bloomberg on March 8, Canadian Finance Minister Dominic LeBlanc said that Canada is ready to cooperate with the United States to formulate new measures to prevent Chinese goods from dumping the North American market.

This statement reflects Canada's position and tendency in trade policy. In exchange for tariff exemptions, Canada is ready to cater to the United States to curb my country's sales of goods in North America, that is, to remain consistent with the United States and strengthen trade restrictions on Chinese goods.

Specifically, on March 8, Beijing time, Canadian Finance Minister Dominic LeBron announced that in order to resolve the current trade issues, Canada is ready to start review negotiations on the USMCA (US-Canada-Mexico Trade Agreement) in advance. LeBron pointed out: "If the US government expresses its will and hopes to hold these conversations in advance, we will be on standby at any time." He further emphasized that "the leaders of the United States, Canada and Mexico have many common interests."

At the same time, LeBron made it clear that Canada is ready to work with the United States to take further measures against goods imported from China in North America, a move that is clearly intended to fight against Chinese goods in exchange for US tariff exemptions.

In October 2024, Canada announced a 100% tariff on electric vehicles imported from China, and at the same time imposed a 25% tariff on steel and aluminum products imported from China. This move is intended to be consistent with US trade policy and to some extent shows a stance of following the United States.

However, this caterpancy has not received a positive response from the United States. On the contrary, the United States has imposed a 25% tariff on products imported from Canada since March 4, 2025, 10% tariff on energy-related products, and on March 7, Trump further threatened to impose up to 250% tariffs on Canadian wood and dairy products.

On March 8, China responded to Canada's tax on me. The State Council's Tariff Commission issued an announcement, announcing that from March 20, 2025, a 100% tariff on rapeseed oil, oil residue cakes, and peas originating in Canada will be imposed, and a 25% tariff on Canadian aquatic products and pork will be imposed as a countermeasures against the discriminatory practice of unilateral tariffs on Canada.

Against this complex trade dispute, Canada finds itself in an "embarrassing" situation. Originally trying to cater to the United States in exchange for the United States' tariff exemption on its goods, it was hit by the United States' tariffs and had to face China's countermeasures. To solve this dilemma, Canada may further increase its efforts to cater to the United States, but whether this move can be successfully exchanged for US tariff exemptions is still unknown.

For a long time, Chinese goods have been questioned by European and American countries because of their strong price competitiveness, and have been accused of government subsidies or "unfair trade practices." Over the past decade, Canada and the United States have imposed anti-dumping duties on a variety of Chinese products, such as steel, aluminum, solar panels, etc. Recently, this trade dispute has expanded to emerging strategic industries such as new energy, electric vehicles, and batteries, which are regarded as the core of future economic competition.

It is worth noting that on March 4, US Treasury Secretary Bescent said that Mexico has proposed to the United States that it is consistent with the United States in imposing tariffs on China, and encouraged Canada to take similar measures. Subsequently, on March 6, Mexican President Claudia Sinbaum also announced plans to review tariffs imposed on Chinese goods.

No matter what the United States, Canada and Mexico have, we will be determined to win. As Chinese Foreign Minister Wang Yi said on March 7: "We will be a firm force to defend national interests. The Chinese people have a glorious tradition of self-improvement. We never cause trouble, nor are we afraid of trouble. No extreme pressure or threats can shake the unity of the 1.4 billion Chinese people, and cannot stop the historical pace of the great rejuvenation of the Chinese nation."