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0 2.83185840708562E-05 0.00106194690265491 0.00176283185840712 0.00648495575221249 0.0042477876106195 0.00226548672566372 -0.000148672566371586
Stock impact report

Why Canada hopes China will boost is auto manufacturing industry [CNBC]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: CNBC
The deal also aims to establish Chinese joint ventures as Canada looks to try to revive its manufacturing base. But it's unclear if Chinese or Korean automakers will be willing to invest in Canada if trade barriers to the U.S. market remain intact. Canada's decision to reduce barriers for Chinese electric vehicles is one piece of a larger pivot away from a reliance on the United States. The Canadian government is aiming to develop joint ventures with Chinese and Korean firms and trying to revive its manufacturing base with tax breaks as it faces a strained relationship with the United States and a decades-long decline of Canadian auto manufacturing. The country said in January it's allowing the importation of 49,000 Chinese EVs at a tariff rate of 6.1%, a dramatic walk-back of the 106% duty placed on them in October 2024. That would be about 3% of Canada's total new car market, and about 20% of its combined battery EV and plug-in hybrid market, according to Dunsky Energy and Show less Read more
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