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business9h ago
Canada agrees to cut tariff on Chinese electric vehicles in break with the U.S.
Cbsnews.com and 2 more
- 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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