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.

  • thisorthatorwhatever@lemmy.world
    1·
    3 days ago

    If they start at 33K, that is the end for the sale of most other cars in Canada. The majority of people that buy a new car, simply pick the cheapest one. 33K undercuts all else on the market.

        • sbv@sh.itjust.worksEnglish
          1·
          3 days ago

          I see a Sentra starting at 26k, which is roughly what Autotrader is quoting:

          Versas are cheaper, at 23k. Elantra’s are listed around 25k.

          I guess what I’m saying is that Chinese EVs aren’t going to be the cheapest new vehicles in the market. There are a bunch of other, cheaper vehicles.

          • thisorthatorwhatever@lemmy.world
            2·
            3 days ago

            Good luck finding a dealer that will sell you that at the price you quoted. To get the real price, you need to log in and give your email, and be contacted by the dealer.