Canada, China strike trade deals to slash tariffs on EVs, canola
AI Summary
In January 2026, Canadian Prime Minister Mark Carney visited China, the first such visit since 2017, to rebuild ties and seek new markets. During the visit, Canada and China struck an initial trade deal to reduce tariffs on electric vehicles and canola. Canada will allow up to 49,000 Chinese EVs at a 6.1 percent tariff, a significant reduction from the 100 percent tariff imposed in 2024. Carney aims to strengthen partnerships in clean energy and attract Chinese investment into Canada's auto sector. The deal seeks to offset US tariffs and foster a competitive Canadian EV sector by learning from Chinese innovation and accessing their supply chains.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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