Trump says he ‘could understand’ Canada’s cap on Chinese electric vehicle imports (opens original article in a new tab)

Canadian Prime Minister Mark Carney said U.S. President Donald Trump could understand Canada's cap on Chinese electric vehicle imports, which allows a limited number of EVs at a lower tariff rate than previous policies.

• Canadian Prime Minister Mark Carney stated that U.S. President Donald Trump could understand Canada's cap on Chinese electric vehicle imports.
• The deal allows up to 49,000 Chinese EVs annually at a 6% tariff, increasing over time, compared to previous over 100% tariffs.
• Trump expressed that he could understand the quota structure but did not explicitly approve of it.