China said on Monday that its recent preliminary trade agreement with Canada does not target “any third party,” after U.S. President Donald Trump warned that he would impose 100% tariffs on Canadian products if the deal is signed.

Canadian Prime Minister Mark Carney is seeking to secure new markets for his country’s products in Asia and Europe amid the trade war launched by Trump.

In this context, Carney concluded with China earlier this January what he described as a “preliminary but historic trade agreement aimed at removing barriers to trade and reducing customs tariffs.”

On Saturday, U.S. President Donald Trump warned Canada that if it concludes a trade agreement with China, he will impose “a 100 percent tariff” on all goods entering the United States from Canada.

Chinese Foreign Ministry spokesperson Guo Jiakun said at a regular press conference on Monday: “For China, relations between countries should be based on a win-win logic (…) and on cooperation, not confrontation.”

He added: “China and Canada are building a new-type strategic partnership (…) and this does not target any third party. Rather, it serves the common interests of the two peoples and also contributes to peace, stability, development, and prosperity in the world.”

Carney explained that the preliminary agreement between Beijing and Ottawa provides for Canada to allow the entry of 49,000 Chinese-made electric vehicles at preferential customs tariffs of 6.1%.

U.S. Treasury Secretary Scott Bessent said on Sunday that the 100% tariffs mentioned by Trump would be imposed on Canadian imports if Ottawa proceeds with concluding a new trade agreement with China.

He told ABC television that the new tariffs would be imposed “if they go further,” and if Canadians allow “China to flood the (North American) market with goods.”