Canada cuts Chinese EV tariffs, nudging Chinese automakers toward North America
TL;DR Summary
Canada will reduce duties on Chinese electric vehicles from 100% to 6.1% and cap imports at 49,000 annually, easing Chinese competition in North America. In exchange, China will lower tariffs on Canadian canola. The move comes as U.S. EV tariffs remain at 100% and could push Chinese brands to expand into the U.S. market via Canada (and possibly Mexico), with Geely signaling a North American expansion and analysts noting Chinese automakers' broader push to grow globally despite protectionist hurdles.
- Chinese EVs closing in on America after Canadian tariffs deal Axios
- US says Canada will regret decision to allow Chinese EVs into their market Reuters
- Canada's deal with China signals it is serious about shift from US BBC
- Canada Strikes Tariffs Deal With China, as Carney Looks to Diversify From U.S. The New York Times
- Schatz says US ‘absolutely rolled’ by China-Canada trade deal The Hill
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