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Economic Repercussions

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Canada stands firm against China amidst diplomatic dispute.
politics2 years ago

Canada stands firm against China amidst diplomatic dispute.

Canadian Prime Minister Justin Trudeau has stated that Canada will not be intimidated by China following the recent diplomatic expulsions by both countries. The row between the two countries has been ongoing since the detention of Huawei executive Meng Wanzhou in 2018 and Beijing's subsequent arrest of two Canadians on spying charges. Some fear that the latest flare-up could have economic repercussions for Canada, as China is Canada's second-biggest trading partner after the United States. However, a former Canadian ambassador to China believes that China is unlikely to resort to economic sanctions as it is trying to reassure foreign companies that they can work there after draconian COVID-19 restrictions were dropped.