"California's top environmental regulator lauded a trade deal Canada struck to import electric cars from China as a win in the global effort to replace gas vehicles. I'm excited to see what unfolds in Canada now after you see what the prime minister announced, California Air Resources Board chair Lauren Sanchez said Tuesday during a BloombergNEF summit in San Francisco. It only reinforces that the Trump administration is going it alone."
"China and Canada reached a wide-ranging agreement to lower trade barriers and rebuild ties earlier this month, signaling a pivot in Canadian foreign policy and a break from alignment with President Donald Trump's trade agenda. Canada's Prime Minister Mark Carney agreed to allow 49,000 Chinese electric vehicles into its market at a tariff rate of about 6%, removing a 100% surtax, in response to Chinese leader Xi Jinping cutting tariffs on canola, a key Canadian agricultural export."
A top California environmental regulator lauded Canada's trade deal with China as a win for replacing gas vehicles and as evidence of U.S. isolation on trade. China and Canada agreed to lower trade barriers, allowing 49,000 Chinese electric vehicles into Canada at about a 6% tariff and removing a 100% surtax in exchange for cuts to canola tariffs. The move raised concerns in the U.S. auto industry about a potential back door for inexpensive Chinese cars and prompted threats of retaliatory tariffs. The federal government rolled back fuel-economy rules, sought to curb California's emissions authority, and ended a $7,500 EV tax credit, as U.S. EV sales fell amid affordability worries and rising interest in hybrids.
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]