Canadian Farmers worried about potential US-China trade dealAugust 15, 2019 2:26pm
China’s move to stop buying several Canadian agricultural products has punished some farmers, and now industry leaders are worrying about the prospect of a broader threat — an eventual U-S-China trade deal.
Canadian exports of beef, pork, canola and soybeans have largely been locked out of the massive Chinese market following the December arrest of a Huawei (WAH’-way) executive in Vancouver.
At the same time, a handful of Canadian crops have had stronger sales to China over the past year, such as wheat, thanks to trade-related tariffs imposed by the U-S.
The Canadian Agri-food Trade Alliance says Canada may see indirect benefits from the trade war in the short term — but he worries a deal down the road could have a negative effect on farm exports to China.
It says President Donald Trump has been clear that any trade deal must include China agreeing to make major agricultural purchases from the U-S.