Canada's Mark Carney meets China's Xi Jinping in Beijing
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Diversifying trade relationships while sustaining those with America will be a tricky balance for Canada’s prime minister
Carney said through a “preliminary but landmark” deal with China, Canada will allow up to 49,000 Chinese EVs into the country under the most-favored nation tariff rate of 6.1 percent. Under the agreement, the import limit will increase to 70,000 EVs by year five.
Ford predicted Carney’s move would further raise the ire of current President Donald Trump, who is already in a trade war with Canada.