Mark Carney and Xi Jinping Reach Canada-China Trade Deal on EVs and Canola
Mark Carney and Xi Jinping established a major trade agreement reducing tariffs on electric vehicles and agricultural products following a diplomatic visit to Beijing.The deal allows China to export up to 49,000 electric vehicles to Canada annually at a reduced 6.1 percent tariff rate in exchange for significantly lower Chinese levies on Canadian canola and seafood.Mark Carney described the partnership as a strategic move to diversify the Canadian economy away from the
USA during ongoing trade tensions with the administration of
Trump.
Published:4h |Updated:27m