David A
Senior Member
I somewhat agree, but would put that differently. It is partly about trying to respond to things people are concerned about, some of these are more immediate concerns.
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- Thread starter TAS
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TAS
Senior Member
Canada-China deal
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%, Carney told reporters.
Canada will allow only 49,000 Chinese electric vehicles into the Canadian market at the 6.1% tariff rate (which is what we had 2 years ago before Canada increased tariffs to match the US). It represents less than 3% of Canadian auto market. The yearly cap increases to up to 70,000 vehicles by year 5 of agreement. Carney said plan is to move towards production of Chinese EVs in Canada using our products.
The cap is in response to Canadian automakers' fears of an influx of affordable Chinese EVs.
Other countries expected to follow Canada's lead here in terms of new deals with China.
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%, Carney told reporters.
Canada will allow only 49,000 Chinese electric vehicles into the Canadian market at the 6.1% tariff rate (which is what we had 2 years ago before Canada increased tariffs to match the US). It represents less than 3% of Canadian auto market. The yearly cap increases to up to 70,000 vehicles by year 5 of agreement. Carney said plan is to move towards production of Chinese EVs in Canada using our products.
The cap is in response to Canadian automakers' fears of an influx of affordable Chinese EVs.
Other countries expected to follow Canada's lead here in terms of new deals with China.
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David A
Senior Member
The modest number of vehicles allowed should allay fears that they will flood the market, but it still provides a chance to move ahead on this and resolve the problem.
policyenthusiast
Senior Member
I had the same thought. This isn't an auto market shakeup, but the Chinese concessions will make a huge difference for Prairies farmers and Maritime fishermen. Rare to see Ontario get "snubbed" in an agreement like this.
Airboy
Senior Member
Was listening to one on the Michaels on CBC yesterday. He indicated doing business with China was still a good move, if even limited. Until some rational heads are in charge down south trade will be a hit and miss.
The_Cat
Senior Member
I wonder if Gronk is asking what’s causing the hate against Jews.
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Glenco
Senior Member
Worth a listen
wormwood
Active Member
This is exceptional. We are lucky to have Carney as our PM.
TAS
Senior Member
I plan to watch later - he is getting great reviews for his speech.
ADob
Active Member
Honestly it was so ridiculous I read it as satire.
Whattagame
Active Member
I can't figure out what they were actually saying with that statement. Seemed like poorly executed satire.
Gronk!
Senior Member
archited
Senior Member
Carney's on FIRE!
Glenco
Senior Member
If you want to read it.
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Jonathan Cowans
Canadian Prime Minister, Mark Carney‘s speech at Davos pulls no punches! I suspect that Trump and his MAGA lackeys will have difficulty making sense of a speech that references Thucydides and Vaclav...
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