Trump Threatens 250% Tariffs on Canada
Digest more
Trump’s wounding of the US economy offers Beijing an unparalleled opportunity – if it dials back its overbearing trade tactics
15don MSN
Canada agrees to cut tariff on Chinese EVs in return for lower tariffs on Canadian farm products
Breaking with the United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Friday. Carney made the announcement after two days of meetings with Chinese leaders.
Canada has agreed to sharply roll back its 100 percent tariff on Chinese electric vehicles, striking a trade-off that signals a broader reset in its relationship with Beijing and a notable divergence from Washington.
The federal government hasn't yet secured a permanent removal of tariffs on Canadian products like canola, in part because of ongoing negotiations with Beijing over Chinese steel and aluminum.
"Let China come in,” says the president. America's allies are already rolling out the red carpet.
The vast field of over 5,800 electric and hybrid vehicles gleamed on the cargo deck of the BYD Changzhou, an Chinese container vessel unloading Wednesday at a river port in eastern Argentina. In other places,
Canada drops 100 percent tariffs on Chinese EVs, allowing 49k vehicles annually at 6.1%. Deal with China sparks criticism and domestic debate over security.
BEIJING, Jan 29 (Reuters) - British Prime Minister Keir Starmer said he and Chinese President Xi Jinping had made good progress on tariffs, travel and small-boat migration in a meeting on Thursday that put their relationship in a "strong place".
In response to Trump's tariffs, China's use of other Asian manufacturing markets and forced labor is adding trillions into Chinese GDP.