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Canada EV deal with China may boost investment but U.S. access is unclear
Summary
Officials say the Canada-China trade deal could encourage Chinese electric vehicle production in Canada; critics have voiced concern and the outcome depends on upcoming trade talks with the United States.
Content
The Canada-China trade agreement has prompted discussion about potential investments by Chinese electric vehicle firms in Canada. Experts say it could lead to production in Canada if companies choose to invest. Prime Minister Mark Carney said the government has already spoken with Chinese companies interested in investing in Canada. Critics including Ontario Premier Doug Ford and Unifor leader Lana Payne described the deal as an attack on workers and Canadian manufacturing.
Key details:
- The trade deal is reported as creating potential for Chinese EV companies to produce vehicles in Canada.
- Prime Minister Mark Carney is reported as saying the government has spoken with Chinese companies interested in investing in Canada.
- Critics such as Ontario Premier Doug Ford and Unifor leader Lana Payne have criticized the deal as harmful to workers and Canadian manufacturing.
- The extent of market access in the United States is reported as depending on upcoming trade talks with the United States.
Summary:
The deal could influence where Chinese electric vehicle firms locate production and attract investment to Canada, while critics warn of effects on workers and domestic manufacturing. Undetermined at this time.
