00:00It's Benzinga bringing Wall Street to Main Street.
00:02Prime Minister Mark Carney lowered tariffs on Chinese electric vehicles
00:06and announced a quota allowing up to 49,000 units annually at about a 6% tariff,
00:12according to Bloomberg. A Nano's research poll found 53% of Canadians said Chinese
00:17manufacturing would not affect their EV purchase, 15% said it would make them more likely to buy,
00:23and 28% less likely. Sentiment has improved since 2024,
00:27when 61% said they were less likely to buy a Chinese EV.
00:31In 2024, Canada imposed a 100% tariff on Chinese EVs under Justin Trudeau to block their entry into
00:39the retail market. China responded with levies on Canadian agricultural exports, including canola.
00:45The government also plans $5,000 Canadian dollar consumer incentives and seeks Chinese joint
00:50ventures. For all things money, visit Benzinga.com.
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