Prime Minister Mark Carney says he has reached a deal with China to allow tens of thousands of Chinese electric vehicles into the country in exchange for lower canola duties.
He billed his first such trade deal since taking office as a preliminary one that would boost the economy.
Carney says Ottawa expects Beijing to drop canola seed duties to 15 per cent by March.
Canadian canola meal, lobsters, crabs and peas will no longer be subject to Chinese tariffs from March to at least the end of the year.
In return, Canada will allow up to 49,000 Chinese electric vehicles into the Canadian market at a 6.1 per cent tariff rate.
The pact comes just hours after Carney met with President Xi Jinping on a trip to Beijing, ending a multi-year trade dispute that began when the last Liberal government levied EV tariffs to protect Canada’s auto sector.
I saw this in my feed this morning.
Who the fuck cares whether the orange Nobel participation medal claiming pedofascist approves or not? The US wasn’t involved in this. The US doesn’t get a say in this.
North American auto makers capitulated to the oil oligarchs and MAGA ideologues and stopped producing EVs so Canada might as well have access to cheaper Chinese EVs instead.
And, our canola farmers get to sell their products in to China.