Supply-chain turbulence is here to stay, so what is Canada doing about it?
Soaring living costs have Canadians lined up at food banks. The federal Liberals are anticipating a possible recession. And Freeland is personally connected with people living all across war-torn Ukraine.“If you were to ask what keeps me up at night, I’d say, ‘China’s zero-COVID approach and the very severe lockouts we’re seeing right now,’” Freeland said at an event held by the Canadian Chamber of Commerce.
“To put it mildly, there’s a bit of daylight between the two perspectives,” said Michael Manulak, a Carleton University professor with the Norman Paterson School of International Affairs. Mark Warner, a trade lawyer with expertise in both Canada and the U.S., said the top factor is Beijing’s lockdown policies, because so many North American goods are assembled using parts made in China.
“Friend-shoring is a historic opportunity … it can make our economies more resilient, our supply chains true to our most deeply held principles.”“What we want is certainly a decoupling, certainly from China and I would say other regimes in the world which don’t share the same values,” he told a panel.But Warner said the idea will be tricky to put into force.
The Liberals want to make Canada a powerhouse for electric-vehicle parts, arguing it can mine lithium, cobalt and graphite just as reliably as countries with less-pristine environmental and human-rights records.
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