Trump Threatens 100% Tariff on Canada Following Trade Deal With China

Prime Minister Mark Carney confirmed Canada will not pursue a free trade deal with China after Donald Trump threatened to impose a 100% tariff on Canadian exports.The dispute follows a preliminary agreement to lower duties on Chinese electric vehicles and Canadian agricultural products, which Trump claims could turn Canada into a gateway for Chinese goods entering the USA.This trade friction occurs alongside market volatility in Japan and new tariff reductions in India for vehicles imported from the EU.