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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (37814)1/16/2026 6:23:56 AM
From: Alastair McIntosh  Read Replies (1) | Respond to of 38026
 
Prime Minister Mark Carney has reached a deal with China that will significantly cut tariffs on Chinese-made electric vehicles in return for big reductions in Beijing’s levies on canola seed and the elimination of tariffs on a host of other products.

The truce in a painful trade war helps lessen a major irritant in Canada- China relations as the Prime Minister seeks bigger overseas export markets and new foreign investments to offset the economic damage caused by U.S. President Donald Trump’s protectionist tariffs.

Mr. Carney unveiled the deal after several hours of meetings with Chinese President Xi Jinping on Friday in Beijing.

The deal raises the prospect that Canada may be putting itself offside of Mr. Trump’s tough-on-China agenda, which the President expects allies to follow.

Opinion: Rebuilding relations with China is a gamble Mark Carney has to take

There are caveats to Canada’s tariff concession, which lowers levies on Chinese EVs from 100 per cent to 6.1 per cent: it applies to the first 49,000 vehicles imported each year.

In return, China by March 1 will cut tariffs on canola seed to approximately 15 per cent from current combined tariff levels of 84 per cent.

And, according to Mr. Carney, who announced the deal to journalists Friday, Beijing will also remove tariffs on Canadian canola meal, lobsters, crabs and peas by March 1.