US EditionCanada reaches tariff-quota deal with China on EVs, canola
Canada will cut tariffs on Chinese electric vehicles to 6.1% with an initial cap of 49,000 imports, while China will lower canola tariffs to about 15%, boosting trade ties.
- Canada agreed to lower its 100% tariff on Chinese electric vehicles after a meeting between Prime Minister Mark Carney and Chinese leader Xi Jinping, with an initial cap of 49,000 vehicles allowed per year.
- In exchange, China will reduce tariffs on Canadian canola seeds from 84% to about 15%, as announced by Carney.
- Carney emphasized that the agreement is a strategic partnership, aiming for a stronger future for both Canadian and Chinese economies.
- The agreement marks a significant shift in Canada’s trade strategy, as it seeks to lessen its economic dependence on the United States.
289 Articles
289 Articles
Chinese leader Xi Jinping and Canadian Prime Minister Mark Carney announced a tariff reduction deal after their meeting in Beijing, marking a "reset" in relations between the two countries. China is expected to cut tariffs on Canadian canola oil from 85 percent to 15 percent, while Canada will impose a 6.1 percent tariff on Chinese electric vehicles. The deal comes after years of tensions and reciprocal tariffs and could pave the way for new Chi…
Pearson: Canada well-rehearsed for new world order
History rarely announces itself with trumpets. More often, it arrives with a change in tone such as a hardening of borders, a narrowing of sympathies, a subtle but unmistakable shift in how nations talk about themselves and one another. The return of U.S. President Donald Trump is one such tonal shift. Trump's re-election in November, 2024, signaled a world order less enamoured with universal rules and more comfortable with power, transaction, a…
Canada’s New Trade Agreement Has Far Reaching EV Implications - CleanTechnica
As Steve recently wrote, Canada announced a trade deal with China that will allow a quota of 49,000 EVs at a tariff rate of 6.1%, raising to 70,000 vehicles over five years. This is big news. While the quota volume might look small compared to the Chinese market, it makes up a significant share of the Canadian EV market. Digging into it further, this agreement could have major implications for EVs and the automobile market overall.
Western leader touts coming ‘new world order,’ then tries to explain it * WorldNetDaily * by Caden Olson, Daily Caller News Foundation
Source link President Donald Trump meets with Canadian Prime Minister Mark Carney in the Oval Office, Tuesday, May 6, 2025 Canadian Prime Minister Mark Carney gave a rambling response Friday when asked by a reporter to clarify his declaration of a “new world order” amid a massive increase in the country’s economic partnership with China. Carney
Carney Cozies Up to China – The American Spectator | USA News and Politics
Over the past few days, Canadian Prime Minister Mark Carney has been in China in an open attempt to pivot to China and spurn Canada’s relationship with the United States. In a jubilant press release on Friday, the prime minister’s office declared that Carney is “forg[ing] [a] new strategic partnership…
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