China and Canada announce tariffs relief after a high-stakes meeting between Carney and Xi

Bogdan Hofbauer

Chinese leader Xi Jinping and Canadian PM Mark Carney have announced lower tariffs, signalling a reset in their countries' relationship after a key meeting in Beijing. China is expected to lower levies on Canadian canola oil from 85% to 15% by 1 March, while Ottawa has agreed to tax Chinese electric vehicles at the most-favoured-nation rate, 6.1%, Carney told reporters. The deal is a breakthrough after years of strained ties and tit-for-tat levies. Xi hailed the "turnaround" in their

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