Is the North American blockade on Chinese EVs softening? Today, Canadian Prime Minister Mark Carney announced a deal with China to slash tariffs on electric vehicles in exchange for lowering duties on canola products. Canada will initially allow up to 49,000 Chinese EVs at a 6.1 percent tariff, Carney said, though the exact timeline was … Read more
Canadian Prime Minister Mark Carney announced Friday that his country will slash its 100% import tax on Chinese EVs to just 6.1%, paving the way for companies like Geely, BYD, Xiaomi, and others to establish a second foothold in the North American automotive market. Canada is not going all-in on Chinese EVs, though. The country … Read more
Beijing has pushed for minimum prices to replace tariffs Guidance reflects EU’s firm stance on what it will accept China says guidance shows differences can be settled with dialogue EU is reviewing minimum price, quota offer from Volkswagen BRUSSELS, Jan 12 (Reuters) – The European Commission set out the conditions on Monday under which China-based … Read more