The devil is in the details with a deal like this and what type of downside risk protection for Canada there is. I didn't see any major details on anything that would stop China from doing this repeatedly to us with canola or other products again, this time for EV's and other products.
China's business and economic strategy is always nationalism merged with always produce and export more for market share. They are obsessed with having their workers work and are always finding new avenues to do exactly this.
Instead of Canada, the US and other allies like Europe having a unified approach to this level of dominance in a lot of sectors, we get this hodgepodge garbage that ends up looking it's a win for us but in reality it's a win for China, yet again.
Major concern in Europe with EV's and their soon to be dominance in the market with auto producing countries like Germany really feeling the effects amongst other products. Looking back now there is concern with deals done such as the EU pushing to sell key assets such as Greece's prized port, amongst the busiest in the world to China for not even peanuts, crumbs of shells more like it. Now we have EU and US leaders talking about how past deals look unfortunate in hindsight but nobody likes to ask why these decisions were made.
Expect more lopsided deals very soon.
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