World Business Report China and Canada reset trade relations after talks
Jan 16, 2026
Baha Namemi, co-founder of Cancor, shares insights on how the recent Canada-China trade deal aims to enhance supply chain resilience and bolster domestic capacity. Chris Lowe analyzes the macroeconomic implications of these deals amid geopolitical pressures, signaling a shift towards two-way trade. Cecilia Malmström discusses the EU-Mercosur agreement, addressing farmer concerns over competition and tariff removals. Stephanie Hughes highlights the challenges of youth unemployment, stressing the tough job market and its impact on new graduates.
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China-Canada Trade Reset
- China and Canada reached a preliminary trade deal reducing tariffs and easing visas to boost bilateral commerce.
- Both governments framed the agreement as support for economic globalization and trade liberalization.
Canadian Business Reaction
- Baha Namemi described his company meeting reaction: support for Canada diversifying trade options beyond the US.
- He warned engagement with China must include guardrails and stronger domestic capacity to avoid dependency.
Diversify To Build Resilience
- Diversify markets and strengthen domestic supply chains to reduce over-reliance and vulnerability.
- Put clear limits and operational guardrails in place when engaging large markets like China.