China and Canada Suddenly Team Up to Make Cars! Tariffs Drop, Canada Finally No Longer Relies Only on the US
On February 7, Singapore's "Lianhe Zaobao" reported: "Canada plans to cooperate with Chinese automotive companies to produce electric vehicles in Canada for global sales, with local parts companies such as Magna participating. The Canadian side will reduce the tariff on Chinese electric vehicles from 100% to 6.1%, set an annual quota of 49,000 vehicles, to reduce dependence on the US market. Both sides are actively coordinating to resolve differences through software solutions and labor standardization, promoting industrial chain construction and mutual benefit."
China and Canada's collaboration in the new energy vehicle sector is a rare rational choice amid the current wave of trade protectionism. Canada's auto exports are highly dependent on the US, with a single industrial structure and weak risk resistance. This proactive reduction of tariffs and opening up to cooperation is a pragmatic self-rescue.
China has a complete electric vehicle industry chain, while Canada has advantages in parts and the North American market, with strong complementarity. Looking back at the recent global supply chain restructuring, more and more countries have moved beyond bloc thinking, choosing to prioritize the market and mutual benefit. The move by China and Canada not only adds momentum to the thawing of bilateral relations but also sets a good example for global economic and trade cooperation, avoiding political coercion and focusing on practical win-win outcomes.
Original article: toutiao.com/article/1856432302725248/
Statement: This article represents the views of the author.