Why Canada Is Allowing Chinese EVs
By CNBC
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Canada’s move to allow 49,000 Chinese made EVs into its domestic market at a tariff rate of 6.1% is both a return to an earlier policy, and a sign that the country is diversifying its trade relationships as relations with the United States. Though the agreement is meant to open China’s market to Canadian canola oil, and to bring cheaper EVs to Canadian buyers, Canada also aims to open the door to joint ventures with Chinese companies. It's unclear whether they will invest if relations with US don't improve. Producer: Robert Ferris Editor: Darren Geeter Animation: Jason Reginato, Emily Park Senior Managing Producer: Tala Hadavi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ah
Tags: Canada, Chinese EV, Trump, tariffs, BYD, Tesla Model Y, Geely, Nio, Li Auto, Xiaomi, Ford, General Motors, Stellantis
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