Canada cuts tariffs on Chinese EVs
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DETROIT (AP) — Chinese automakers have been making inroads around the world with growing sales of their high-tech, stylish and affordable electric vehicles. That has had competitors concerned even before Canada this week agreed to cut its tariffs on Chinese EVs in exchange for concessions on Canadian farm products.
President Donald Trump set up the joke, and now Canada has delivered the punchline. Today Ottawa agreed to slash tariffs on 49,000 Chinese-made electric cars a year as part of a wider thaw that also lowers Chinese duties on Canadian canola and other farm goods. Prime Minister Mark Carney framed the reset as adapting to “new global realities.”