Canada cuts tariff on Chinese EVs in exchange for lower tariffs on Canadian farm products

Core Viewpoint - Canada has decided to eliminate its 100% tariff on Chinese electric cars in exchange for reduced tariffs on Canadian agricultural products, as stated by Prime Minister Mark Carney [1] Group 1 - The agreement marks a significant shift in Canada's trade policy towards China, moving away from alignment with U.S. tariffs [1] - The reduction in tariffs on Chinese electric cars is expected to enhance competition in the Canadian automotive market [1] - The deal aims to benefit Canadian farmers by lowering tariffs on their products, potentially increasing their market access [1]