Canada’s auto industry on edge
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Light vehicle sales in Canada last year reached their highest level since 2019 despite the turmoil caused by trade disruptions with the US, according to estimates from DesRosiers Automotive Consultants Inc.
On Friday, Prime Minister Mark Carney said he’d reached an agreement with China that alters that policy. Canada will allow in a small number of Chinese electric vehicles at a much lower tariff rate — around six per cent — in return for China lowering its tariffs on Canadian canola.
Canadian auto dealers propose opening the market to more European, Japanese, and Korean cars Move could sidestep U.S. tariffs and reshape vehicle options for Canadian consumers CADA says regulatory reform would expand trade without retaliating against U.S ...
Canadian officials purposely carved out individual auto parts from the tariffs and are taking into account the United States-Mexico-Canada Agreement, or USMCA, trade deal with the new levies. There's also a remissions process that could allow companies ...
China’s rapid development of electric vehicles had competitors concerned even before Canada this week agreed to cut its tariffs on EVs in exchange for concessions on Canadian farm products