Canada has taken a significant step towards normalizing its trade relations with China by drastically reducing tariffs on imported Chinese electric vehicles (EVs) to just 6.1 percent, a far cry from the 100 percent tariff imposed by the US. As part of this new deal, China has agreed to lower tariffs on Canadian canola seeds from 84 percent to around 15 percent.
This development marks a shift away from the US's hardline stance, which effectively bans Chinese EVs in the country due to its 100 percent tariff. Mexico currently imposes a 50 percent tariff on such vehicles, but Canada is now opening its market with minimal restrictions.
Under the agreement, Canadian Prime Minister Mark Carney has welcomed China as a new trading partner, citing "progress" and a more predictable relationship between the two nations. While some have expressed concerns that cheaper Chinese EVs could harm the Canadian auto industry, Carney remains unconcerned, noting that such imports represent only a small fraction of the country's overall automotive market.
The loosening of trade restrictions comes as China seeks to strengthen its relationships with countries outside the US, potentially gaining an advantage in an increasingly interconnected global economy. With Canada and China now enjoying a more collaborative relationship, it remains to be seen how this will impact other nations that have historically aligned against Beijing.
This development marks a shift away from the US's hardline stance, which effectively bans Chinese EVs in the country due to its 100 percent tariff. Mexico currently imposes a 50 percent tariff on such vehicles, but Canada is now opening its market with minimal restrictions.
Under the agreement, Canadian Prime Minister Mark Carney has welcomed China as a new trading partner, citing "progress" and a more predictable relationship between the two nations. While some have expressed concerns that cheaper Chinese EVs could harm the Canadian auto industry, Carney remains unconcerned, noting that such imports represent only a small fraction of the country's overall automotive market.
The loosening of trade restrictions comes as China seeks to strengthen its relationships with countries outside the US, potentially gaining an advantage in an increasingly interconnected global economy. With Canada and China now enjoying a more collaborative relationship, it remains to be seen how this will impact other nations that have historically aligned against Beijing.
I think this is a pretty big deal for Canada's trade scene 
. I mean, who doesn't love saving money on imported EVs? 
But seriously, it's interesting to see Canada taking the US's hardline stance and going their own way. Maybe China's being smart by building relationships with multiple countries instead of just focusing on one 
. And honestly, I think this is a good thing for Canadian consumers – more options are always a good thing! 
Plus, it'll be interesting to see how the rest of the world reacts to Canada and China becoming buddies 
I think this is awesome news for Canadian businesses! The reduction in tariffs on Chinese EVs will definitely make them more competitive in the market 
. It's great to see Canada taking a step towards normalizing its trade relations with China too 
. I'm sure it'll be interesting to see how this affects other countries who have been critical of China's economic practices 
. Anyway, I just want to say that I think we should all celebrate global cooperation and trade 
! It's going to lead to more opportunities for everyone 
and I'm still trying to figure out how to use the thing, is it normal to need like 2 hours to set up everything? anyway back to china and canada, I guess its cool that they're doing business together now... China's EVs seem way cheaper than ours, but what if they're not as good quality tho? 
, but didn't know much about the safety features... do you think canada is being smart by lowering tariffs or is this going to hurt our auto industry? 
... they've been kinda struggling lately. I hope this move from Canada helps 'em out and brings in some new life 
. It'll be interesting to see how it affects other countries too, maybe we'll start seeing more trade deals like this one 
That's insane! I was thinking they'd never drop the tariffs that much 
Canadian auto industry is gonna get ROASTED 
I mean, I get it, cheaper EVs are a great thing for consumers and all, but come on, can't they see how this could hurt their own industry? 
Mark Carney must be getting some kind of sweet deal from China or something 
so canada is basically saying "hey china, come on over we'll take your electric cars" 
that's a huge shift from the us who was like "no chinese evs allowed" 
at least mexico is still all like "50% tariff baby" 
. US was being super harsh with those Chinese EVs 
. Carney seems cool about it too 
, says it's just a tiny fraction of the market 
. China's gonna be like "Hey, we got this" 
Fingers crossed other countries don't get caught in the middle 
. The US has been playing hardball with China on trade and security issues, but Canada's choosing to take a more relaxed approach. That's gotta make the US think twice about its own stance on the whole EV thing, right? It's like, if Canada can just chill out and do business with China without having to worry about tariffs, maybe we can all get along 
. We don't know how this is gonna play out yet, but one thing's for sure: trade is getting way more complicated than we thought 
Now, Canada's just going to get left behind by China and they'll be the ones importing EVs and Canadian farmers will still be stuck with low prices for their seeds 
. Mark Carney seems nice enough tho, but has he thought about how this might affect our own auto industry? It's like when Ford used to dominate the market back in the 80s... now we're all struggling to keep up