Geopolitical shifts are reshaping trade landscapes. Canada just negotiated a rollback of its 100% tariff on Chinese EVs in exchange for reduced duties on agricultural exports—a move that signals pragmatic recalibration away from tariff-heavy positioning. When major economies dial down trade friction, it typically eases inflation concerns and shifts capital flows across assets. For traders watching macro trends, such policy pivots often precede notable shifts in risk appetite and currency dynamics. The Beijing talks underscore how bilateral trade negotiations are creating new market conditions worth monitoring closely.