🚨 Canada just said “hold my maple syrup” and slashed its 100% tariff on Chinese EVs down to a friendly 6.1%.
New deal:
- Up to 49,000 Chinese EVs can flood in every year (scaling to 70,000 over five years)
- In exchange, China drops tariffs on Canadian canola (because nothing says “trade peace” like cheaper cooking oil)
Translation for Canadian drivers: Your next EV might cost the same as a used Corolla instead of a down payment on a house. BYD, NIO, and XPeng are packing their bags like “finally, someone who doesn’t hate us!”
Meanwhile, south of the border: US: “We’re still protecting American jobs… and making sure your EV costs $15k more than it should.”
Canada: “Cool story. We’re gonna go buy affordable EVs and eat cheaper canola fries.”
Elon Musk somewhere: “Canada just became the new China showroom. Time to open a Supercharger at Tim Hortons.”
Who’s crossing the border for a bargain Chinese EV road trip? 🍁🚗
GM CEO: “EVs Are Still the End Game… But We Might Need a Hybrid Timeout First”