No. of Recommendations: 14
Not just Canada, of course. Europe is also starting to pivot towards closer economic ties to China as well:
In recent weeks, Brussels and Beijing have signaled that they have resolved a fresh set of trade frictions that had threatened to turn into a broader confrontation over electric vehicles, subsidies and market access. Europe remains wary of China’s industrial policies and political system, but the E.U. now views China as a necessary partner.https://archive.ph/qCfxA#selection-355.55-359.291It's an understandable reaction to Trump's economic and trade policy. The U.S. has shown itself to be unpredictable, willing to sharply upend existing terms of business with other countries, to the point of abrogating trade agreements, unilaterally and with virtually no advance notice. Other countries don't want to be exposed to that risk. They want stability. So, they're diversifying their exposure to the U.S. economy by expanding their ties to China.
