India will also cut tariffs on wine, beer and olive oil imported from the EU. Canada and China trade dealEarlier this month, Canadian Prime Minister Mark Carney visited Beijing, becoming the first Canadian leader to visit China in nearly a decade. Xie Huanchi/Xinhua/GettyCanada’s largest trade partner is the United States, but that relationship is under increasing strain as a result of President Trump’s inconsistent tariff policy. Are Trump’s tariffs fueling a trade boom for China? Mr. Trump hit India with 50% tariffs last year – with half of that levy imposed to punish India for maintaining its Russian oil imports – amid hectic negotiations over a bilateral trade deal.