OTTAWA – Prime Minister Mark Carney believes that the electric vehicle agreement with China is a great “opportunity” for Ontario and those working in the auto industry.
He mentions that there’s interest from Chinese companies in making “affordable” electric vehicles right here in Canada.
Carney, along with Chinese President Xi Jinping, signed an agreement on Friday allowing Canadian entry for Chinese electric vehicles at a tariff rate of 6.1 percent.
This comes after Canada and the U. S. imposed a 100-percent tariff on Chinese electric vehicles in 2024 due to claims of unfair subsidies and dumping practices in the North American market.
Carney stated that he and his team have had direct talks with Chinese automakers interested in producing cars in Canada but didn’t specify any company names.
The prime minister emphasized that any auto production by China in Canada would need to comply with this country’s labor standards.
In exchange for lowering auto tariffs, China plans to reduce its tariff on canola seeds from 84 percent to 15 percent starting March 1, as well as eliminate tariffs on canola meal, lobster, peas, and crabs until at least year’s end.
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