Canada, China to slash tariffs after Carney-Xi talks in Beijing
Reuters · Just In
Reuters
Just In
Canada and China have struck an initial trade deal that will slash tariffs on electric vehicles and canola, Prime Minister Mark Carney said, as the two nations promised to tear down trade barriers while forging new strategic ties.
Breakdown
- Canada and China reach preliminary trade agreement
- Canada to cut tariffs on Chinese electric vehicles to 6.1% 45s
- China to lower tariffs on Canadian farm and food products 1m 11s
- Dropping tariffs to unlock nearly $3 billion in Canadian exports 1m 32s
- Both nations pledge to restart high-level economic dialogue 2m 15s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.