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
    63·
    2 days ago

    Doug Ford has been asleep at the wheel, drunk at the cottage, and completely fumbled the car industry in S. Ontario. The Ontario government should really limit the power, speed, and acceleration of cars. In S. Ontario we’ve reached the limits of congestion, it’s just sprawl and traffic.

    By severally limiting the speed etc. of cars, though taxes, the government would have saved the Ontario auto industry. Focus would have then shifted to making everything lower price, and that is all that matters globally in the car market.

    Instead we get stupid cars like the Dodge Charge, that only a small minority of people want. Power you can’t use, and a high price tag.

    If the provincial government told people, no more stupidity, we are actively capping engine size through taxes we’d have a better and stronger car manufacturing sector in Ontario.