Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

PM Trudeau says China’s reprisal won’t scare Canada.

Prime Minister Justin Trudeau Photo Credit: Hector Vivas Prime Minister Justin Trudeau Photo Credit: Hector Vivas
Prime Minister Justin Trudeau Photo Credit: Hector Vivas Prime Minister Justin Trudeau Photo Credit: Hector Vivas

Listen to the article now

After Ottawa and Beijing expelled diplomats, Prime Minister Justin Trudeau stated Tuesday that Canada would not be frightened by China.

On Monday, Ottawa expelled Chinese envoy Zhao Wei for foreign meddling. Hours later, China ordered a Canadian diplomat in Shanghai to leave by May 13 in reaction to Ottawa’s “unreasonable actions.”

“We understand there is retaliation, but we will not be intimidated, we will continue to do everything necessary to keep Canadians protected from foreign interference,” Trudeau told Ottawa media.

Since Huawei Technologies executive Meng Wanzhou’s 2018 incarceration and Beijing arrested of two Canadians on spying charges, tensions have grown. 2021 released all three.

The new flare-up may hurt Canada’s economy. China is Canada’s second-largest economic partner behind the US, and last year Chinese imports of Canadian goods surged 16% to a record C$100 billion ($74.8 billion).

Last year, Beijing eased a three-year ban on canola imports from Richardson International and Viterra. So instead, China imports Canadian potash and wheat.

“With China, there’s always a risk” of reprisal, said Canadian Agri-Food Policy Institute executive director Tyler McCann. “(But) it seems the Chinese government is more sensitive about food security than they were years ago and that might mitigate the risk.”

The Ukraine crisis has reduced global wheat and vegetable oil supplies, making it harder for China to limit its imports of Canadian wheat and canola.

“China took a very measured response,” former Canadian ambassador to China Guy Saint-Jacques told the Canadian Broadcasting Corp. He suggested the Chinese might have expelled a higher-ranking official or more.

After COVID-19 limits were lifted, Saint-Jacques stated he doesn’t anticipate China to impose economic repercussions.

Beijing has hosted Western leaders like French President Emmanuel Macron this year, and Premier Li Qiang has reassured corporate executives that China is open for business.

Saint-Jacques noted that Beijing is on a “charm offensive” to attract international investors. “So putting sanctions on Canada at this stage would have sent a very bad message to foreign companies.”


Comment Template

You May Also Like

Business

**Excerpt:** Bong Joon-ho’s *Mickey 17* is a sci-fi masterpiece that cements his status as one of the most visionary filmmakers of our time. Starring...

Business

**Excerpt:** Bong Joon-ho, the visionary director behind *Parasite*, returns with *Mickey 17*, a sci-fi thriller based on Edward Ashton’s novel *Mickey7*. Starring Robert Pattinson,...

Business

**Excerpt:** Bong Joon-ho’s visionary approach to filmmaking shines once again as stars Toni Collette and Naomi Ackie reveal insights into his creative process for...

Business

**Excerpt from *I, Rodion* by Alexandra Pugachevsky** The air on the colony ship *Elysium* was stale, recycled too many times to count. Rodion adjusted...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok