In a historic move, Canada has agreed to cut its 100% tariff on Chinese electric vehicles in exchange for lower tariffs on its farm products. Prime Minister Mark Carney announced the agreement after meetings with Chinese leaders, including Xi Jinping, setting a cap of 49,000 Chinese EVs initially and 70,000 over five years. China will reduce tariffs on Canadian canola seeds from 84% to 15%. This landmark deal signals a thaw in relations and potential global economic impact.
#canada #china #ev #wion
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