BBC: China and Canada announce tariffs relief after a high-stakes meeting between Carney and Xi

https://www.bbc.com/news/articles/cy59pvkqvl5o

20 Comments

  1. The closer these get to free trade the better. You can do business with China and they put prosperity first.

  2. Maximum_Error3083 on

    This will almost certainly kill CUSMA but glad that we’re doing more trade with a country that has literal concentration camps

  3. Fantastic news. Good work, Carney.

    Or course the diehard anti-Carney folk will now pivot from “he travels everywhere but doesn’t make meaningful deals” to “OMG he has sold Canada out to China, we’re a vassal state” despite neither of those things being remotely accurate.

  4. China is expected to lower levies on Canadian canola oil from 85% to 15% by 1 March, while Ottawa has agreed to tax Chinese electric vehicles at the most-favoured-nation rate, 6.1%

    6.1 holy moly AND just like that the car market is changed forever, going into a Japanese > Korea > China transition for new players on the block

    This should send a clear message to legacy manufacturers who’re threatening to pull out from Canada after absorbing billions in tax payer subsidies. *cough * stellantis

  5. While I’d actually like BYD vehicles here with data centers and xx% of parts made in Canada, I’m surprised we’d trade market access for… canola oil, which won’t even get full tariff relief.

    We also damage our own car manufacturing sector and of course Trump will flip out. So I expect a new tariff in retaliation soon, likely a high number for optics.

    If we get more deals later, which will likely be the case, it’s worth it. Right now though, it’s canola for electric vehicles… meh.

  6. Goodbye auto workers. Have fun in the unemployment line. Which factories will Carney close next, I wonder? 

    That’s what happens when most blue collar workers are conservative, don’t let the door hit your ass on the way out to the poggie line.

  7. Wow. Didn’t expect a quota to get the deal. Mathematically speaking. That’s a smart way to lower tarrif is to add a quota.

  8. Big win for Carney on this one, well done.

    Even with all tariff, tax etc included we are still looking at $20k for a cheaper BYD, and $30k for a better one like qin.

  9. LopsidedStreet6093 on

    This is great news. No self respecting country should depend on one country. It’s a free world and we should be doing business with all countries in the world!

  10. Threwawayfortheporn on

    What a massive win! Lobster tariffs relief, canola tarrif relief and Canadiens get acess to more options for quality electric vehicles.

    Its time we stop pretending manufacturers like stelantis are our friends when they act as welfare queens cashing every government check they can just to pull out anyways.

    Not to say BYD is our friend by any stretch, but at least our enemies have to compete now lol