Overview
- Prime Minister Mark Carney said Canada will scale back its 100% duty on Chinese electric vehicles, allowing 49,000 imports initially and up to 70,000 within five years.
- Beijing will cut tariffs on Canadian canola seeds to 15% from about 84%, offering relief to a sector shut out by earlier Chinese measures.
- Carney announced the deal after meetings with Xi Jinping and Premier Li Qiang, as China’s foreign minister cast the visit as a turning point in relations.
- Ottawa and Beijing unveiled a joint economic roadmap and signed an energy cooperation memorandum focused on crude oil and liquefied natural gas trade.
- The move diverges from the U.S. stance under President Trump and aligns with Carney’s diversification strategy, though other duties such as on steel and aluminum remain.