Canada, China slash EV, canola tariffs in reset of ties - News Summed Up

Canada, China slash EV, canola tariffs in reset of ties


In 2023, ‌China exported 41,678 EVs to Canada. It's a good thing for him to sign a trade deal. In retaliation for Trudeau's tariffs, China in March ‌levied tariffs on more than $2.6 billion ‍of Canadian farm and food products such as canola oil and meal, followed by tariffs on canola seed in August.That led to a 10.4 per cent slump in ‍China's imports of Canadian goods in 2025. Canadian canola futures rose. Analysts said the rapprochement between Canada and China could reshape the political and economic context in which Sino-US rivalry unfolds, although Ottawa is not expected to dramatically pivot away from Washington.


Source: Economic Times January 17, 2026 09:05 UTC



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