Carney Says Trump Approves of Canada's Low-Tariff Chinese EV Import Deal
By
Brian Platt
Summary
Prime Minister Mark Carney stated that President Donald Trump is pleased with Canada's new trade arrangement allowing a capped number of Chinese electric vehicles to be imported at a low tariff rate of around 6%. The deal, established during Carney's January trip to Beijing, permits up to 49,000 Chinese EVs annually with the quota gradually increasing over time, replacing Canada's previous tariff of over 100% on those vehicles.
Source
bskyCarney Says Trump Approves of Canada's Low-Tariff Chinese EV Import Dealbloom.bgKey quotes
· 3 pulledPresident Donald Trump is happy with Canada’s arrangement to allow a capped number of Chinese electric vehicles to be imported at a low-tariff rate, Prime Minister Mark Carney said.
The deal, unveiled during Carney’s trip to Beijing in January, allows as many as 49,000 Chinese EVs in a 12-month period at a tariff rate of around 6%, with that quota to climb gradually over time.
Prior to this year, Canada had a tariff of more than 100% on those vehicles.
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