Carney opens Canada to Chinese EVs, China cuts canola tariffs

The Canada-U.S. relationship is “more multifaceted, much deeper, much broader,” he said. 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. “That’s a return to levels last seen in 2023 … the last full year before the Canadian tariff actions,” Carney said. The policy shift marks a reversal in Canadian trade policy from October 2025 when Ottawa moved in lockstep with Washington to implement the…