What to know about the Canada-China trade deal on EVs and canola

Prime Minister Mark Carney reached what he called a “landmark” trade deal with Chinese President Xi Jinping in Beijing on Friday, ending a four-day visit aimed at mending strained relations between Canada and China.

The new “strategic partnership” will slash tariffs on Chinese electric vehicles and certain agricultural and food products – including Canadian canola, lobsters and crab. It also 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 U.S. President Donald Trump’s protectionist tariffs.