"Canada will initially allow in up to 49,000 Chinese electric vehicles at a tariff of 6.1 percent on most-favoured-nation terms, Carney said after talks with Chinese leaders, including President Xi Jinping. He did not specify a time period. That compares with the 100 percent tariff on Chinese electric vehicles imposed by the government of former Prime Minister Justin Trudeau in 2024, following similar US penalties."
"For Canada to build its own competitive EV sector, we will need to learn from innovative partners, access their supply chains, and increase local demand, Carney said. He pointed to a stronger partnership with China in clean energy storage and production, driving new investments. Carney said he expected the EV pact would drive considerable Chinese investment into Canada's auto sector, create good careers and speed it towards a net-zero future."
Mark Carney visited Beijing, becoming the first Canadian prime minister to visit China since 2017. Canada and China reached an initial trade agreement that reduces tariffs on electric vehicles and canola and promises to dismantle trade barriers. Canada will initially admit up to 49,000 Chinese EVs at a 6.1 percent most-favoured-nation tariff, replacing a 100 percent tariff imposed in 2024. China exported 41,678 EVs to Canada in 2023. The deal aims to attract substantial Chinese investment into Canada's auto industry, create jobs, strengthen cooperation in clean energy storage and production, and help advance Canada’s net-zero transition.
Read at www.aljazeera.com
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