11:50:39 EST Mon 19 Jan 2026
Enter Symbol
or Name
USA
CA



Toyota CDR (CAD Hedged)
Symbol TOYM
Shares Issued 150,000
Close 2026-01-16 C$ 13.12
Market Cap C$ 1,968,000
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Globe says Honda, rivals see PM drop Chinese EV tariffs

2026-01-19 06:52 ET - In the News

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

The Globe and Mail reports in its Saturday edition that Prime Minister Mark Carney has reached a deal with China to allow nearly 50,000 Chinese-made electric vehicles into Canada at a low tariff rate in return for big reductions in Beijing's levies on canola seed and a promised elimination of its tariffs on many other products. The Globe's Steven Chase and Bill Curry write that the announcement Friday marks a break with the United States in how it treats Chinese electric vehicles by removing a tariff both countries enacted in 2024. This brings about a truce in a painful trade war between Ottawa and Beijing as the Prime Minister seeks bigger overseas export markets and new foreign investment to offset the economic damage caused by President Donald Trump's protectionist tariffs. Mr. Trump did not criticize Mr. Carney's deal, and in fact said he supported it. Prior to the President's remarks, U.S. Trade Representative Jamieson Greer said the Canadian government's decision to allow Chinese EVs was "problematic." Saskatchewan Premier Scott Moe praised the deal, while Conservative Leader Pierre Poilievre, who has previously described Chinese EVs as "roving surveillance systems" that should not be allowed on Canadian streets.

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