Skip to main content

Featured

Canada and China Strike New Trade Deal Linking EVs and Canola

Prime Minister Mark Carney meets with President of China Xi Jinping at the Great Hall of the People in Beijing, China on Friday, Jan. 16, 2026.  Canada and China have reached a new tariff agreement that ties together two major sectors: electric vehicles and agricultural exports. The deal marks a notable shift in the countries’ economic relationship after years of tension. Under the arrangement, Canada will permit up to 49,000 Chinese-made electric vehicles to enter the market at the standard tariff rate. In return, China will reduce duties on Canadian canola seed to 15% by March and eliminate tariffs on canola meal, lobsters, crabs, and peas for the remainder of the year. Canadian officials describe the agreement as a pragmatic step toward stabilizing ties and expanding trade opportunities. The move could reshape Canada’s EV market by introducing more competitively priced Chinese models, while also restoring valuable access for Canadian farmers to one of their most important ...
Post a Comment
Read more

article

Labels

Trump Administration Signals Shift on Auto Tariffs

The Trump administration has announced plans to mitigate the impact of auto tariffs, aiming to ease tensions with trading partners and support domestic industries. 

Officials suggest that the move could involve reducing tariff rates or introducing exemptions for certain countries or products. This decision comes amid growing concerns about the economic repercussions of high tariffs on the automotive sector, including potential job losses and increased costs for consumers.

 While details remain unclear, the administration's shift signals a willingness to balance protectionist policies with broader economic considerations.


Labels:

Comments

Post a Comment