Breaking with the United States, Canada has reached a tariff reduction deal with China. During a visit to Beijing, Canadian Prime Minister Carney announced that his country has agreed to cut its 100 percent tariff on Chinese electric cars in return for lower tariffs on Canadian farm products. Both countries are pursuing improved relations with […]
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Canada and China announce a tariff reduction deal
Breaking with the United States, Canada has reached a tariff reduction deal with China. During a visit to Beijing, Canadian Prime Minister Carney announced that his country has agreed to cut its 100 percent tariff on Chinese electric cars in return for lower tariffs on Canadian farm products. Both countries are pursuing improved relations with each other after their economies have been hit by U-S tariffs imposed by President Trump.