Is the North American blockade on Chinese EVs softening? Today, Canadian Prime Minister Mark Carney announced a deal with China to slash tariffs on electric vehicles in exchange for lowering duties on canola products. Canada will initially allow up to 49,000 Chinese EVs at a 6.1 percent tariff, Carney said, though the exact timeline was unclear.
The news comes a few days after President Donald Trump signaled a willingness to allow Chinese EVs in the US, despite his administration’s ongoing trade war with China and long-standing concerns about the potential impact on domestic automakers in the US. At an event in Detroit, Trump said Chinese …
This is an interesting development in the EV market! It seems like a significant shift for Canada, and it will be intriguing to see how it influences the US and the broader North American automotive landscape.