Carney reaches ‘preliminary but landmark’ China deal on tariffs, quota
Global News
Prime Minister Mark Carney described it as a "preliminary but landmark" agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.
The Liberal government has reached a deal with Beijing to slash tariffs on a set number of Chinese electric vehicles in exchange for China dropping duties on agriculture products, Prime Minister Mark Carney said Friday.
It marks the prime minister’s first deal on trade since taking office last year and a de-escalation in tensions with a country the Liberal government had, in recent years, branded a disruptive power.
Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.
“It’s a partnership that reflects the world as it is today, with an engagement that is realistic, respectful and interest-based,” Carney said at a news conference in Beijing.
Carney said Ottawa expects Beijing to drop canola seed duties to 15 per cent from 84 per cent by March 1, and called that “enormous progress.”
Canadian canola meal, lobsters, crabs and peas will no longer be subject to Chinese “anti-discrimination” tariffs from March to at least the end of the year. There was no mention of canola oil, which is subject to a 100 per cent tariff.
In return, up to 49,000 Chinese electric vehicles will be allowed into the Canadian market each year at a 6.1 per cent tariff instead of the current 100 per cent tariff.
By 2030, half of those imported vehicles will cost less than $35,000 — a measure that Carney said will ensure EVs are more affordable for Canadians.
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Here is a list of the status of schools, if they are open or closed, in the Greater Toronto Area for Thursday, January 15, 2026:
Here is a list of the status of schools, if they are open or closed, in the Greater Toronto Area for Thursday, January 15, 2026:
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