Macro view: China’s shift on two‑way trade

China and Canada strike a trade deal after a high stakes meeting between the Canadian Prime Minister Mark Carney and President Xi.

And Europe and South America sign a trade deal after twenty five years. The EU-Mercosur agreement will require the approval of the European parliament within the next few months.

(Picture: Canada's Prime Minister Mark Carney receives flowers upon his arrival in Beijing on January 14, 2026. Credit: Reuters/Carlos Osorio)