The Peter Zeihan Podcast Series Canada's China Option || Peter Zeihan
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Jan 28, 2026 A look at Mark Carney's Beijing trip and what it really unlocked for Canadian trade. Discussion of reversed canola tariffs and scaled-back EV concessions from China. Analysis of why these wins are limited and will not upend Canada's deep economic ties to the United States. Examination of NAFTA renegotiation context and practical trade-policy constraints.
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China Trip Delivered Narrow Trade Wins
- Canada’s Beijing visit produced limited wins focused on canola tariffs and EV tariff carve-outs.
- These trade fixes do not remotely change Canada’s core economic dependence on the United States.
Canola And EV Concessions Are Symbolic
- Beijing agreed to stop punishing Canadian canola with punitive tariffs and eased EV tariffs modestly.
- These changes free minor Chinese market access but don't rewrite North American economic ties.
Carney’s Move Aimed At NAFTA Leverage
- NAFTA II renegotiations in 2026 are the strategic context for Canada seeking alternative chips.
- Carney’s China outreach aims to create bargaining leverage ahead of trilateral talks with the US and Mexico.