Canada and China near deal to drop EV tariffs as Trump pushes allies away
Electrek • • world
Key Points:
- The Canadian government is reportedly in advanced negotiations with China to remove or significantly reduce the 100% tariffs on Chinese electric vehicles (EVs) imposed just over a year ago, aiming to stabilize trade relations amid ongoing trade tensions.
- These talks come as Canada faces retaliatory tariffs from both the US and China, with Canada imposing tariffs on US-made EVs and China targeting Canadian agricultural exports, creating political pressure from different provinces.
- The proposed deal would involve China lifting restrictions on Canadian canola and seafood in exchange for Canada reducing or eliminating EV tariffs, potentially benefiting Canadian farmers and consumers with more affordable electric vehicles.
- Canada appears to be following Europe's lead, where the EU and China are close to replacing tariffs with a "minimum price undertaking" to
