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Ottawa considers lifting tariffs on Chinese electric vehicles
Summary
Prime Minister Mark Carney will press to ease Chinese tariffs on Canadian canola during a trade mission to China, and a deal is reported to hinge on Canada dropping or lowering tariffs on Chinese electric vehicles.
Content
Prime Minister Mark Carney is preparing a trade mission to China that will include efforts to ease Chinese tariffs on Canadian canola. The discussions are described as linked to broader trade terms. Reports say China would require Canada to drop or lower tariffs on Chinese electric vehicles for a reciprocal deal. Global News Morning spoke with David Adams of Global Automakers of Canada about potential consequences for the auto sector.
Key facts:
- Prime Minister Mark Carney will seek to ease Chinese tariffs on Canadian canola during a trade mission to China.
- Reports indicate China is asking Canada to either drop or lower tariffs on Chinese electric vehicles as part of a deal.
- Global News Morning interviewed David Adams of Global Automakers of Canada about what those changes might mean for Canada’s auto industry.
Summary:
The discussions link canola market access with possible adjustments to Canadian tariffs on Chinese electric vehicles, raising questions about how trade terms could affect both agricultural and auto sectors. Negotiations are expected to take place during the trade mission to China; the final outcome is undetermined at this time.
