Canada will lower tariffs on some Chinese electric vehicles and China will do the same for Canadian canola products, a major shift in policy that was announced on Friday during a landmark state visit by Prime Minister Mark Carney of Canada to Beijing.
Mr. Carney announced that Canada will allow up to 49,000 Chinese electric vehicles into the Canadian market under a preferential tariff rate of 6.1 percent. That is much lower than the current rate of 100 percent that Canada imposed in 2024 at the behest of the United States.