Key Facts

• Mark Carney spoke to President Trump at the G7 summit in Évian-les-Bains, France, about limiting Chinese electric vehicle imports.
• Canada agreed to cap imports of Chinese electric vehicles at about 49,000 cars, which is less than 3 percent of its market.
• The deal sets a tariff rate of 6.1 percent on these vehicles, down from a previous 100 percent tariff imposed in 2024.
• China agreed to lower tariffs on Canadian canola from 85 percent to around 15 percent.
• President Trump had previously threatened to impose high tariffs on Canadian goods if Canada made a trade deal with China.
• The G7 summit involved leaders from Canada, the U.S., France, Italy, Germany, Japan, and the U.K., discussing issues including China’s trade practices.
• China was not present at the G7 but was a major topic of discussion due to concerns about state subsidies and economic policies.
• The U.S. and China have recently been easing trade tensions, highlighted by President Trump’s visit to Beijing and plans for Chinese leader Xi Jinping to visit the U.S. in September.