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A China Deal That Trades Leverage for Illusion

Canada’s newly announced trade memorandum with China has been presented by the federal government as pragmatic statecraft in a turbulent world. Lower tariffs on canola and seafood in exchange for the entry of nearly 50,000 Chinese electric vehicles, we are told, will diversify exports, lower consumer prices, and signal Canada’s independence from American protectionism.

This framing is incomplete. More troublingly, it is strategically naive. Trade policy is not merely about price and volume. It is about leverage, reciprocity, industrial resilience, and alignment with trusted partners. On those measures, this agreement falls short.

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