Overview
- Prime Minister Mark Carney and President Xi Jinping announced the reset in Beijing during the first visit by a Canadian head of government since 2017.
- Canada will allow up to 49,000 China-made electric vehicles at a 6.1% tariff, rolling back part of the recent reciprocal trade measures.
- Carney said Xi committed to visa-free entry for Canadians traveling to China, with the scope of the waiver still to be clarified.
- Canada expects China to reduce duties on Canadian canola by March 1, with implementation details yet to be confirmed.
- The arrangements are initial steps, with further timelines and specifics to be worked out as both sides focus cooperation on agriculture, energy, and finance.