Canada is backing away from a major trade agreement with China following a direct tariff warning from President Donald Trump.
Prime Minister Mark Carney said Sunday that Canada now has no plans to proceed with a trade deal with Beijing after the president threatened severe economic retaliation.
“We have no intention of doing that with China or any other nonmarket economy,” Carney said, according to the Associated Press.
BREAKING: Canada folds, no huge China deal after President Trump tells PM Mark Carney he will be hit with 100% tariffs.
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“What we have done with China is to rectify some issues that developed in the last couple of years,” he added.
🚨 IT’S OFFICIAL: Canada BACKS AWAY
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