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Canada agrees to cut tariff on Chinese EVs in return for lower tariffs on Canadian farm products

BEIJING — Breaking with the United States, Canada has agreed to cut its 100 percent tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Friday. Carney made the announcement after two days of meetings with Chinese leaders. He said there would be an initial annual cap of 49,000 vehicles on Chinese EV exports to Canada, growing to about 70,000 over five years. China will reduce its total tariff on canola seeds, a major Canadian export, from 84 percent to about 15 percent, he told reporters. “It has been a historic and productive two days,” Carney said, speaking outside against the backdrop of a traditional pavilion and a frozen pond at a Beijing park. “We have to understand the differences between Canada and other countries, and focus our efforts to work together where we’re aligned.” Earlier Friday, he and Chinese leader Xi Jinping pledged to improve relations between their two nations after years of acrimony. Xi told Carney in a meeting at the Great Hall of the People that he is willing to continue working to i

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