Canada and China agree to lower tariffs on EVs and agricultural exports, boosting trade and economic recovery.

Prime Minister Mark Carney’s 2025 budget, with over $280 billion in investments, presents a chance to transform Canada through innovation and collaboration, according to Arti Freeman of the Definity Foundation. She urges creating shared-risk spaces for testing solutions in housing, clean energy, and worker ownership, involving non-profits early in policy design, and simplifying public-private funding partnerships. Inspired by Denmark’s Bikuben Foundation, she calls for bold, long-term investments—like $51 billion for community infrastructure—to rebuild not just systems but the foundation of society. Separately, Carney’s visit to China led to a major trade agreement: 49,000 Chinese electric vehicles can enter Canada annually at a 6.1% tariff, down from 100%, while China lifted retaliatory tariffs on Canadian canola, pork, and seafood, benefiting farmers and fishers. The deal marks a shift toward pragmatic diplomacy, prioritizing economic recovery over ideological alignment, though it has sparked debate over sovereignty and industrial strategy.