• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

New York City women are making up to $30,000 per month by renting out their closets to strangers

2

College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind

3

An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948

1

New York City women are making up to $30,000 per month by renting out their closets to strangers

2

College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind

3

An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
Economy

China invites Canada to closer relationship as PM Carney arrives for state visit

By
Ken Moritsugu
Ken Moritsugu
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Ken Moritsugu
Ken Moritsugu
and
The Associated Press
The Associated Press
Down Arrow Button Icon
January 14, 2026, 8:44 AM ET
xi jinping
Chinese President Xi Jinping.Xie Huanchi/Xinhua via Getty Images
Add Fortune on Google for similar content.

As Canadian Prime Minister Mark Carney arrives in China on Wednesday, his hosts see an opportunity to peel the longtime U.S. ally away from their rival, at least a bit.

Recommended Video

China’s state media is calling on the Canadian government to set a foreign policy path independent of the United States — what it calls “strategic autonomy.”

Canada has long been one of America’s closest allies, geographically and otherwise. But Beijing is hoping that President Donald Trump’s economic aggression — and, now, military action — against other countries will erode that longstanding relationship.

The government bristled at former U.S. President Joe Biden’s efforts to strengthen relations with Europe, Australia, India, Canada and others to confront China. Now it sees an opportunity to try to loosen those ties, though it remains cautious about how far that will go.

Carney, for his part, has focused on trade, describing the trip to China as part of a move to forge new partnerships around the world to end Canada’s economic reliance on the American market. Trump has hit Canada with tariffs on its exports to the United States and suggested the vast, resource-rich country could become America’s 51st state.

An attempt at diplomatic resuscitation

The Canadian leader, who took office last year, is seeking to revive a relationship with China that was marked with acrimony for more than six years under his predecessor, Justin Trudeau.

The downturn in relations started with the arrest of a Chinese tech executive in late 2018 at America’s request and was fueled more recently by the Trudeau government’s decision in 2024 to follow Biden’s lead in imposing a 100% tariff on Chinese-made electric vehicles. China has retaliated for both that and a 25% tariff on steel and aluminum with its own tariffs on Canadian exports including canola, seafood and pork.

“If the Canadian side reflects on the root causes of the setbacks in bilateral relations over the past few years — the previous Justin Trudeau government’s policies to contain China in lockstep with the United States — it will realize that it can avoid the same outcome by upholding its strategic autonomy in handling China-related issues,” the state-owned China Daily newspaper wrote in an editorial this week.

“If Ottawa still chooses to subject its China policy to the will of Washington again in the future, it will only render its previous efforts to mend ties with Beijing in vain,” the English-language paper warned.

The government-run Global Times said: “Perhaps it was the heavy price paid for blindly following the U.S. in imposing high tariffs on China that awakened Ottawa’s sense of strategic autonomy.”

Canadian officials have said they expect Carney’s trip to produce progress on trade but not a definitive elimination of any tariffs.

Where could common ground be?

Chinese experts said the two countries could find common ground over the U.S. military intervention in oil-rich Venezuela that forcibly brought its president to New York to face charges and Trump’s subsequent statements that Greenland, a Danish territory, should come under U.S. control.

“We can also see Canada’s current state of considerable unease towards the U.S.,” said Cui Shoujun, a foreign policy and Latin America expert at Renmin University of China. “If the U.S. can claim Greenland, might it then lay claim to Canada?”

He also predicted that Trump’s move against Venezuelan President Nicolás Maduro would strengthen the strategic autonomy of Latin American countries to resist possible American interference in their affairs.

But China remains realistic about how far countries such as Canada could swing in its direction, given their fears of China’s growing economic and military clout as well as their deep historical and cultural ties with the United States. They also have major differences with China over its booming exports and the threat they pose to employment in their countries, as well as over human rights and Taiwan.

Zhu Feng, the dean of the School of International Studies at Nanjing University, cautioned against overestimating the importance of Carney’s visit to China, “because Canada is not only a neighbor of the United States but also an ally.”

Trump’s pressure on traditional U.S. partners may open up some space for China to expand relations with them, but American allies will need to balance that with their continuing dependence on U.S. economic and military strength. They may be able to reduce that dependence somewhat in the short term — but it’s unlikely they will be to eliminate it for the foreseeable future.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Ken Moritsugu
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Economy

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Economy

Photo of truck driver
North AmericaCanada
U.S.—Canada bridge opens to traffic in Detroit amid Trump tariffs strain
By The Associated Press, Mike Householder and Ed WhiteJuly 27, 2026
1 hour ago
Elon Musk’s vision of a post-money future got mocked. Vinod Khosla warns it could become a dystopia instead
AIthe future of work
Elon Musk’s vision of a post-money future got mocked. Vinod Khosla warns it could become a dystopia instead
By Nick LichtenbergJuly 27, 2026
1 hour ago
magic
RetailMillennials
What Magic: The Gathering’s record year reveals about America’s stalled adulthood economy
By Nick LichtenbergJuly 27, 2026
3 hours ago
guano
Energyfertilizer
The Strait of Hormuz isn’t fertilizer’s first starring role — an 1856 law still defines U.S. overseas territory
By Edward D. Melillo and The ConversationJuly 27, 2026
5 hours ago
Photo of Tobias Lütke
C-SuiteTaxes
Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?
By Nick LichtenbergJuly 27, 2026
5 hours ago
Photo of man walking past anti-U.S. graffit "Down with USA" in Tehran
AsiaIran
U.S. and Iran edge toward talks as Hormuz shipping hits three-week low, regional officials say
By The Associated Press, Samy Magdy and Elena BecatorosJuly 27, 2026
7 hours ago

Most Popular

New York City women are making up to $30,000 per month by renting out their closets to strangers
Retail
New York City women are making up to $30,000 per month by renting out their closets to strangers
By Sarah GlodekJuly 27, 2026
14 hours ago
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
Economy
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
By Mia OsmonbekovJuly 26, 2026
1 day ago
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
Success
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
By Orianna Rosa RoyleJuly 25, 2026
2 days ago
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
2 days ago
I've been teaching college students for decades. Most of them can no longer finish a book
Commentary
I've been teaching college students for decades. Most of them can no longer finish a book
By Austin SaratJuly 26, 2026
1 day ago
One-third of Seattle's downtown is empty: Here's how America's boomtown turned into one of the toughest places to find a job
Real Estate
One-third of Seattle's downtown is empty: Here's how America's boomtown turned into one of the toughest places to find a job
By Nick LichtenbergJuly 27, 2026
13 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.