China and Canada announce tariffs relief after meeting between Carney and Xi(bbc.com)
bbc.com
China and Canada announce tariffs relief after meeting between Carney and Xi
https://www.bbc.com/news/articles/cy59pvkqvl5o
3 comments
> In the deal struck on Friday, Canada will allow only 49,000 Chinese electric vehicles into the Canadian market at the 6.1% tariff rate.
I was wondering how Canada would prevent this from damaging their auto industry, and capping the total numbers of cars is how they're doing it.
I was wondering how Canada would prevent this from damaging their auto industry, and capping the total numbers of cars is how they're doing it.
good deal for both sides. Canada only placed EV tariffs on China to please the United States, and could not have expected the US to then lay claim to the country, before aggressively attacking it with tariffs. We're waiting for the US response, which will likely to be another over-the-top escalation against Canada
Anyway, here's the speech on how Canada is re-aligning to the new world order realities: https://www.youtube.com/watch?v=TLasfU4l__A