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Globe says Honda, rivals hear talk of EVs for canola

2025-09-17 07:27 ET - In the News

See In the News (C-HNDA) Honda CDR (CAD Hedged)

The Globe and Mail reports in its Wednesday edition that Saskatchewan Premier Scott Moe said solving Canada's trade war with China will be a "sensitive and delicate dance" with both Beijing and Washington because it was triggered by tariffs on Chinese electric vehicles that Ottawa imposed in concert with the United States. The Globe's Steven Chase writes that China in August imposed a 75.8-per-cent duty on Canadian canola seed, a major crop in Saskatchewan, as part of its retaliation for Ottawa's 100-per-cent tariffs on Chinese EVs and 25-per-cent levies on Chinese steel and aluminum in 2024. That was on top of a 100-per-cent Chinese tariff on Canadian canola oil, canola meal and peas imposed in March, and a 25-per-cent tariff on Canadian seafood and pork products. Speaking Monday after a meeting with Prime Minister Mark Carney on the canola industry, Mr. Moe suggested Canada has to move carefully so as not to be offside with the United States. The Premier had been asked whether China had assured him dropping the tariffs on EVs would lead to Beijing eliminating levies on canola. He said he expects Mr. LeBlanc is "having that dialogue" with Washington. Mr. Moe sounded an optimistic note on trade with China.

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