Canadian PM Carney in Beijing for Trade Talks, Xi Meeting

Watch on YouTube ↗  |  January 15, 2026 at 16:25  |  3:35  |  Bloomberg Markets
Speakers
Stephen Engle — Chief North Asian Correspondent, Bloomberg

Summary

Canadian Prime Minister Mark Carney is in Beijing for the first state visit by a Canadian leader in eight years, meeting Premier Li and then President Xi. Trade talks are expected to focus on Canadian tariffs on Chinese EVs, aluminum and steel, and Chinese tariffs on Canadian agricultural goods such as canola. The visit fits a broader pattern of world leaders engaging Beijing amid US trade friction and China's rare-earth leverage. The segment highlights potential tariff-relief catalysts but offers no explicit buy or sell recommendations.

  • Mark Carney arrives in China for first Canadian leader state visit in eight years.
  • He is scheduled to meet Premier Li and President Xi Jinping.
  • Canada and China are expected to discuss EV, aluminum, steel, and agricultural tariffs.
  • Chinese tariffs have cut Canadian rapeseed/canola exports to China to zero.
  • Beijing is hosting multiple world leaders amid US tariff-driven trade shifts.
  • Rare-earth leverage and an EU-China EV price mechanism are also discussion topics.
  • No explicit investment recommendation was made in the segment.
Ideas
Stephen Engle Chief North Asian Correspondent, Bloomberg 0:39
Chinese EV tariff relief setup
Canada currently has a 100% tariff on Chinese EVs, and China is seeking its removal or reduction during Prime Minister Carney's Beijing visit. If Carney and Xi reach a deal, it could improve Chinese EV makers' access to the Canadian market, making the upcoming meeting a key catalyst to watch.
Chinese EVs MED
Stephen Engle Chief North Asian Correspondent, Bloomberg 1:04
Canadian canola exports await China tariff relief
China has imposed tariffs on Canadian agricultural products, especially rapeseed/canola, causing exports to China, Canada's number two rapeseed market, to drop to essentially zero. Canada wants those tariffs removed or reduced, so the Beijing talks are a potential catalyst for restoring canola/rapeseed demand.
Canola/Rapeseed MED
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This Bloomberg Markets video, published January 15, 2026, features Stephen Engle discussing Chinese EVs, Canola/Rapeseed. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Stephen Engle  · Tickers: Chinese EVs, Canola/Rapeseed