Canada has reduced tariffs on Chinese electric vehicles from 100% to 6.1%, allowing 49,000 EVs to enter its market and signaling a broader reset in China–Canada trade and economic relations.
China and Canada have agreed on a new trade cooperation roadmap, lowering tariffs on Chinese electric vehicles and adjusting agricultural import duties as Prime Minister Mark Carney's visit ushers in a renewed economic partnership.
Ontario Premier Doug Ford recently introduced the Protect Ontario Through Free Trade Within Canada Act in the provincial legislature, aiming to promote free trade and labour mobility within Canada.
China will impose additional tariffs on certain imports originating from Canada, effective March 20, 2025.
Recent data released by Statistics Canada shows that the country's Consumer Price Index (CPI) rose 1.9% year-on-year in November, slightly down from October's 2.0% inflation rate.