Canada and China have made significant strides in their trade negotiations, with a major breakthrough announced in the automotive sector. As part of a broader agreement, Canada has agreed to allow an annual import of 49,000 electric vehicles (EVs) from China, marking a significant increase in trade between the two nations. In exchange for this concession, China has agreed to remove a 100 percent duty on Canadian goods, a move that is expected to boost trade and economic ties between the two countries. The agreement also includes a 6.1 percent tariff on the imported EVs, a compromise that is seen as a step towards a more balanced trade relationship.
Canada agreed to allow 49,000 EVs from China annually at a 6.1 percent tariff, removing a 100 percent duty in exchange for other trade concessions.
