Canada urged to diversify trade relations

As the United States moves ahead with its "Big Beautiful Bill", Canadian experts say the legislation could hurt Canada's economy, but also create new opportunities for cooperation with China.

"There are a number of things in that 'Big Beautiful Bill' that could impact Canada," said Mahmood Nanji, a policy fellow at Western University's Ivey Business School and a former associate deputy minister of finance for Ontario.

"If the Trump administration makes significant changes to corporate and individual tax rates, there are two potential consequences: companies may relocate production to the US, and there may be Canadian talent moving south," he told China Daily.