"The Chinese automotive industry received the green light to make a deeper incursion into North America on Friday as Canada agreed to cut its 100% tariffs on Chinese-made electric vehicles, opening the door to cheap imports and potentially upending the car industry on this continent. According to the AP, Canadian Prime Minister Mark Carney announced that anti-Chinese EV tariffs would be slashed after two days of meetings with Chinese leaders in Beijing."
"Carney said that the deal includes an initial annual cap of 49,000 vehicles on Chinese EV exports to Canada, although that grows to about 70,000 over five years. Carney said Canadians purchase about 1.8 million vehicles annually, almost a tenth of the U.S.' sales volume. Still, the move represents a major break between Canada and the U.S., which once moved in lockstep to protect a deeply intertwined North American automotive industry."
Canada agreed to slash its 100% tariff on Chinese-made electric vehicles while reducing tariffs on Canadian farm goods, including canola seeds. Prime Minister Mark Carney announced the deal following meetings with Chinese leaders in Beijing. The deal establishes an initial annual cap of 49,000 Chinese EVs to Canada, rising to about 70,000 over five years. Canadian annual vehicle purchases are about 1.8 million units. The move departs from previous U.S.-Canada alignment on anti-China tariffs and allows Chinese automakers deeper access to North American markets. Most imported Chinese EVs are expected to have import prices below CA$35,000 (about US$25,000), versus an average new vehicle price near CA$63,000. The policy aims to expand a new auto sector and provide more affordable new-car options for Canadians.
Read at insideevs.com
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