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Stock impact report

Canada Opens a Door to Chinese EVs and the U.S. Slams It Shut [Yahoo! Finance]

BYD CO LTD UNSP/ADR (BYDDY) 
NASDAQ:AMEX Investor Relations: byd.cn/bydenglish/investor
Company Research Source: Yahoo! Finance
a fresh and potentially volatile chapter in North American auto trade. Instead of calming the electric vehicle landscape, the move has sharpened tensions with the United States, where the Trump administration has already made clear that it sees Chinese connected vehicles as both an economic and national security problem. Under the January agreement with China, Canada said it would allow up to 49,000 Chinese-made EVs a year at a 6.1% tariff, down from the 100% surtax it imposed in 2024. Washington Is Drawing A Harder Line Photo Courtesy: Geely The strongest signal so far has come from U.S. Ambassador to Canada Pete Hoekstra, who said Chinese-made EVs may be allowed into Canada but will not be allowed to cross into the United States. That stance fits with a broader U.S. policy already in place. A final rule published in January 2025 bars the import of connected vehicles with certain Chinese or Russian hardware and bars the sale in the U.S. of connected vehicles incorporating c Show less Read more
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