Trump Says He Can Understand Canada’s Chinese EV Import Cap (1)

President Donald Trump is happy with Canada’s arrangement to allow a capped number of Chinese electric vehicles to be imported at a low-tariff rate, Prime Minister Mark Carney said.

When asked about Carney’s comment, Trump didn’t express explicit approval, but said he could understand the quota.

The deal, unveiled during Carney’s trip to Beijing in January, allows as many as 49,000 Chinese EVs in a 12-month period at a tariff rate of around 6%, with that quota to climb gradually over time. Prior to this year, Canada had a tariff of more than 100% on those vehicles.

“He likes the ...