Canada-China trade thaw cuts EV and canola tariffs to reboot ties
Canada and China launched a preliminary trade agreement to slash tariffs on Chinese electric vehicles to 6.1% for up to 49,000 units (rising to about 70,000 in five years) and cut canola tariffs to roughly 15% by March 1, with anti-discrimination duties on canola meal, lobsters, crabs and peas removed through year-end. The deal, announced during Prime Minister Mark Carney’s visit with Xi Jinping, aims to reopen high-level dialogue and expand cooperation in energy, agriculture and green tech, while Canada counts on LNG exports to Asia and potential visa-free travel for Canadians. Reactions were mixed, reflecting U.S.-China dynamics and domestic concerns in Canada about auto industry impacts.
