A microphone recorded them talking about how less than three percent of Canada’s market, 49,000 cars, will be allowed to enter from China.
“It’s a cap, we capped, a hard line,” Carney said. “I thought you’d actually like that.”
“That’s good, I like it,” Trump responded.
Breaking with the United States, Canada agreed to cut its 100% tariff on Chinese electric cars earlier this year in return for lower tariffs on Canadian farm products. Carney said then that an initial annual cap of 49,000 vehicles on Chinese EV exports coming into Canada at a tariff rate of 6.1% would grow to about 70,000 over five years.