Canada Agrees to End its 100 Percent Tariff on Chinese EVs

Breaking with the United States, Canada has agreed to cut its 100 percent tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Friday.

Carney made the announcement after two days of meetings with Chinese leaders. He said there would be an initial annual cap of 49,000 vehicles on Chinese EV exports to Canada, growing to about 70,000 over five years. China will reduce its total tariff on canola seeds, a major Canadian export, from 84 percent to about 15 percent, he told reporters.

"Our relationship has progressed in recent months with China," Carney said. "It is more predictable and you see results coming from that."

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