Canada to cut tariff on Chinese EVs
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Greenland, Trump and Canada
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Canada expects China to cut tariffs on its rapeseed by March 1, which would be a significant thaw in a trade rift that has disrupted crop flows and tested bilateral relations.
Sen. Brian Schatz (D-Hawaii) said Friday Americans would be hurt by a trade deal between China and Canada as foreign nations seek new trade partners amid the Trump administration’s tariff wars.
Canola oil and electric cars are at the centre of the deal agreed by Mark Carney and Xi Jinping after years of strained ties.
Current discussions about tariffs focus on their use by U.S. President Donald Trump to advance American interests. But tariffs have been used in Canada since 1879 when John A. Macdonald’s National Policy set out to promote immigration,
Mark Carney visits Beijing hoping to diversify Canada’s economic partnerships. But trade with the US remains vital, even as tariffs bite and security worries about Donald Trump’s intentions grow.
Global markets face a fresh bout of volatility this week after President Donald Trump vowed to slap tariffs on eight European nations until the U.S. is allowed to buy Greenland. Trump said he would impose an additional 10% import tariffs from February 1 on goods from Denmark,
Mark Carney’s decision to open the way for imports of Chinese electric vehicles has rattled Canadian auto executives and raised concerns about how far the prime minister is willing to go in diverging from US strategy.