"Prime Minister Mark Carney, who announced a deal Friday with China on a range of sectors, including canola and a tariff-quota arrangement on electric vehicles, took questions on the terms of the deal, what it means for Canada and the implications of moving closer to China. Prime Minister Mark Carney's Liberal government has reached a landmark trade deal with China. The deal allows up to 49,000 Chinese electric vehicles into the Canadian market."
"After years of strained relations, Canadian Prime Minister Mark Carney has met Chinese President Xi Jinping in Beijing. Carney hailed a tentative agreement with China to co-operate more on clean and conventional energy, but the Canada-China tariff dispute remains unresolved. It's hard to overstate what a big shift this deal is; the relationship between Canada and China has been tense for years, and back-and-forth levies have been commonplace."
Canada reached a preliminary trade agreement with China that permits up to 49,000 Chinese electric vehicles into the Canadian market. Ottawa expects Beijing to lower canola seed duties to 15 per cent by March and will remove tariffs on canola meal, lobsters, crabs and peas from March until at least the end of 2026. The agreement includes cooperation on clean and conventional energy. The pact is described as 'preliminary but landmark' and as one that 'reflects the world as it is today.' The agreement follows years of strained relations, past 100 per cent EV tariffs and reciprocal Chinese levies, and raises concerns about domestic auto-sector impacts.
Read at www.cbc.ca
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