Ticker: Canada agrees to cut tariff on Chinese EVs
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President Donald Trump set up the joke, and now Canada has delivered the punchline. Today Ottawa agreed to slash tariffs on 49,000 Chinese-made electric cars a year as part of a wider thaw that also lowers Chinese duties on Canadian canola and other farm goods. Prime Minister Mark Carney framed the reset as adapting to “new global realities.”
The app "Are you dead?" has gone viral as a digital “check-in” aimed mainly at the growing number of young people living alone in China’s sprawling cities.
Chinese automakers have been making inroads around the world with growing sales of their high-tech, stylish and affordable electric vehicles. That has had competitors concerned even before Canada this week agreed to cut its tariffs on Chinese EVs in exchange for concessions on Canadian farm products.
China relied on exports to drive economic growth to a degree unseen since the Asian financial crisis nearly three decades ago, in a demonstration of strength that allowed it to ride out the trade war started by Donald Trump.
Up to 49,000 EVs a year from China will be allowed into Canada, initially, which Carney says is less than three per cent of the overall car market. That will increase to approximately 70,000 over five years.
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Chinese Cars Are Officially Coming To Canada
In a massive deal reached today, Canada will drop the country’s 100% tariffs on Chinese electric cars.As reported by AP, Canadian Prime Minister Mark Carney met with Chinese Leader Xi Jinping and agreed to cut the 100% tariff on Chinese made electric cars in exchange for China lowering the import tax on canola seeds,
The European Union is moving to force the phase-out of Chinese‑made equipment from critical infrastructure, barring companies such as Huawei and ZTE from telecom networks and solar energy systems, the Financial Times reported on Saturday.
XPENG aims to combine technology and feeling to give its vehicles a unique identity. Is this paradox possible? Designer Alain Simon explains how.
With each passing year the presence of Chinese business abroad grows stronger, in rich and poor countries alike, and across a widening range of industries. Last year BYD, a Chinese maker of electric vehicles ( EV s),
Graphika identified over three dozen domains spoofing agencies like 'The Wall Street Journal' to push pro-Beijing narratives.
Politicians are raising the alarm, while MI5 quietly welcomes the prospect of Beijing’s new London facility