Canada PM hails strategic partnership with China to adapt to ‘new global realities’
Carney announced on Friday that Canada and China had reached a preliminary trade deal aimed at reducing tariffs, including a commitment to import 49,000 electric vehicles from China at preferential tariff rates.
Engagement and cooperation would form “the foundation of our new strategic partnership”, Carney said, adding that agriculture, energy, finance offered opportunities for the most immediate progress.
Hooli dooli, Canada’s PM actively considering the architecture of cross border payment systems! Thats a clear indication that world leaders are moving to reduce the world’s dependence on the USD as the reserve currency. Its also an indication that the VISA/Mastercard near monopoly are in the crosshairs of non-US countrys.
If the Americans surrender one of their biggest strengths, financial preference and dominance, they’re going to find life a lot, lot harder. Paying for extravagances, like aircraft carriers, may become far harder.
