'We're at an impasse' with China, says Canadian Finance Minister Morneau

Malaysia News News

'We're at an impasse' with China, says Canadian Finance Minister Morneau
Malaysia Latest News,Malaysia Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Canada-China relations got rocky after Canadian authorities arrested Meng Wanzhou, Huawei's chief financial officer, in December.

"I can't say that I necessarily have a sense of optimism, because we're at an impasse. It's a difficult moment," he added.

China's cancellation of canola shipments from Canada also doesn't make sense, according to Morneau, adding that he's concerned Beijing could extend the same treatment to other products from his country. "I don't want to speculate on what might be next but we don't think that ... the stoppage of canola trade is really one that's done on grounds that make sense," he said.

"And of course we're concerned with the spectra of other products being either delayed at the border or in some way taken out of the trading relationship," the minister added. "This is a real concern."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China wants to pressure the US economy, but the finance sector is probably safe from BeijingChina wants to pressure the US economy, but the finance sector is probably safe from BeijingTechnology, rare earth minerals and the education sector have been dragged into the scuffle between China and the U.S., but as Beijing considers more countermeasures, experts say that America's financial sector is unlikely to be a target.
Read more »

Trump Today: President jacks up tariff pressure on Mexico as he lays out China levy timelineTrump Today: President jacks up tariff pressure on Mexico as he lays out China levy timelineTrump said he’d be “very happy” to go ahead with the tariffs he’s threatened on Mexican goods — but told reporters “something pretty dramatic could happen”
Read more »

Overconfident? China Thinks Its Military Can Win in Almost Any ScenarioOverconfident? China Thinks Its Military Can Win in Almost Any ScenarioThe vast majority of Chinese citizens believe the People’s Liberation Army (PLA) could seize islands in the East and South China Seas, even if the U.S. military were to intervene in the conflicts.No less than 87 percent of respondents said that the Chinese military already possessed the capability to
Read more »

Shares in Asia set to gain; greater China markets closed for holidayShares in Asia set to gain; greater China markets closed for holidayStocks in Asia were poised to rise at the open on Friday following positive developments overnight on U.S.-Mexico negotiations.
Read more »

Trump still threatening tariffs on Mexico -- and more on ChinaTrump still threatening tariffs on Mexico -- and more on ChinaPresident Trump says he believes the US holds all the cards in the trade war. But former US Commerce Secretary Carlos Gutierrez disagrees. 'Both sides lose. Both sides lose jobs. Both sides lose companies.'
Read more »

China's 'mini-Lehman' moment to spur smaller bank consolidationChina's 'mini-Lehman' moment to spur smaller bank consolidationChina is set to see consolidation among its smaller banks after a rare governmen...
Read more »



Render Time: 2025-02-28 10:26:05