China and Canada want to be friends. They will make it easier to trade things. This is good for their business.
China will lower taxes on Canadian oil. The tax will be much less. Canada will also lower taxes on Chinese cars. This will help people buy more cars.
The leaders met in Beijing. It was a big meeting. They want to fix old problems.
Canada wants to sell more things to China. They also want to sell things to other countries. This is good for Canada.
The US does not like this deal. They think Chinese cars are a problem. Canada says US cars will be fine.
Canada and China will also work on clean energy. This is a good step for both countries. They are looking for new friends.