Carney, Reaches Trade Deal With China, Says Country is More ‘Predictable’ Than U.S.

Pact will see tens of thousands of Chinese EVs in Canada in exchange for lowering canola duties

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• Prime Minister Mark Carney’s Liberal government has reached a “landmark” trade deal with China.
• The deal allows up to 49,000 Chinese electric vehicles into the Canadian market. In return, Ottawa expects Beijing to drop canola seed duties to 15 per cent by March.
• The pact would also remove tariffs on Canadian canola meal, lobsters, crabs and peas from March until at least the end of 2026.
• Carney in Beijing said China is more predictable partner than the U.S.
• Ontario Premier Doug Ford is critical of the EV deal, warning that China now has a “foothold” in the Canadian market and will use it “at the expense of Canadian workers.”
• Saskatchewan Premier Scott Moe described the deal as a “positive step forward” that came “earlier than some were expecting.”

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