Former Prime Minister Justin Trudeau alleged that economic pressure from the United States and Europe nearly forced Canadian businesses into reliance on China. Speaking at CNBC's CONVERGE LIVE in Singapore, Trudeau detailed instances where Western industrial competition allegedly steered Canadian firms toward Chinese investment.
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Trudeau: US/Europe Coercion Pushed Canada Toward China
Justin Trudeau claimed that economic coercion from the U.S. and Europe pushed Canadian companies toward China. He cited the case of Bombardier, whose C Series jet faced sales difficulties due to competition from Airbus and Boeing. Trudeau stated that Chinese investors offered significant capital to Bombardier following failed negotiations with Boeing in 2017. At the 2017 G7 Summit in Sicily, Trudeau intervened to warn leaders about the risk of Canada becoming overly influenced by China to safeguard jobs.
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