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business9h ago

Canada agrees to cut tariff on Chinese electric vehicles in break with the U.S.

https://www.cbsnews.com/news/canada-cut-tariff-chinese-electric-vehicles/https://www.autonews.com/ev/anc-canada-chinese-ev-tariff-reaction-0116/https://apnews.com/article/china-canada-carney-xi-beijing-b71c1b67d3489a8b4058c650152b0cb9
Cbsnews.com and 2 more
Canada agrees to cut tariff on Chinese electric vehicles in break with the U.S. Open in Cbsnews.com
Highlights
  • Canada strikes a deal with China allowing up to 49,000 Chinese EVs annually in exchange for agricultural concessions, marking a dramatic policy shift.
  • There would be an initial annual cap of 49,000 vehicles on Chinese EV exports to Canada, growing to about 70,000 over five years.
  • China will reduce its total tariff on canola seeds, a major Canadian export, from 84% to about 15%.

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References

Canada’s Chinese EV decision garners mixed reaction

https://www.autonews.com/ev/anc-canada-chinese-ev-tariff-reaction-0116/Autonews.com
Canada’s Chinese EV decision garners mixed reaction

Canada agrees to cut tariff on Chinese EVs in return for lower tariffs on Canadian farm products

https://apnews.com/article/china-canada-carney-xi-beijing-b71c1b67d3489a8b4058c650152b0cb9Apnews.com
Canada agrees to cut tariff on Chinese EVs in return for lower tariffs on Canadian farm products

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businessworldchinacanadagovernment of canada

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