Canada, Chinese and cut tariff
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China’s rapid development of electric vehicles had competitors concerned even before Canada this week agreed to cut its tariffs on EVs in exchange for concessions on Canadian farm products.
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Chinese Cars Are Officially Coming To Canada
In a massive deal reached today, Canada will drop the country’s 100% tariffs on Chinese electric cars.As reported by AP, Canadian Prime Minister Mark Carney met with Chinese Leader Xi Jinping and agreed to cut the 100% tariff on Chinese made electric cars in exchange for China lowering the import tax on canola seeds,
As Canada lifts 100% tariffs on Chinese-made EVs, some politicians and labor groups aren't thrilled about where this could lead.
China has reported its auto exports rose 21% last year from the year before, driven by a surge in electric vehicle shipments
The European Commission allowed carmakers to volunteer limits on their imports from China instead of paying tariffs, an arrangement that could help Volkswagen.
Some teaser images just popped up in automotive media circles that look remarkably similar to a Porsche Taycan. But the soon-to-be-revealed vehicle is actually from a Chinese manufacturer. It is the SAIC Z7.
Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products.
Ontario Premier Doug Ford isn’t mincing words about Canada’s new electric vehicle deal with China, saying Chinese manufacturers are gaining a foothold in the country’s auto market at the expense of Canadian workers.