CANADA AND CHINA
It may come as a surprise, but China remains Canada’s second-largest trading partner after the U.S. In fact, Canada’s economic reliance on China, for a wide range of goods, is akin to Europe’s on Russia for natural gas – a dependence that led to the threat of an energy crisis and industrial decline at the foot of Russia’s invasion. If the Taiwan issue comes to a head, we might see history repeat itself. Canada cannot make the same mistakes that Europe did, in terms of not decoupling from an adversarial country until it is too late.