Canada is going to start importing Chinese EVs — will the US follow?
TL;DR
Canada has agreed to lower tariffs on Chinese electric vehicles in exchange for reduced duties on canola products, allowing up to 49,000 EVs at a 6.1% tariff. This move follows signals from President Trump that the US might also consider allowing Chinese EVs, despite ongoing trade tensions and concerns over domestic automakers.
Is the North American blockade on Chinese EVs softening? Today, Canadian Prime Minister Mark Carney announced a deal with China to slash tariffs on electric vehicles in exchange for lowering duties on canola products. Canada will initially allow up to 49,000 Chinese EVs at a 6.1 percent tariff, Carney said, though the exact timeline was unclear.
The news comes a few days after President Donald Trump signaled a willingness to allow Chinese EVs in the US, despite his administration's ongoing trade war with China and long-standing concerns about the potential impact on domestic automakers in the US. At an event in Detroit, Trump said Chinese …