Comment by irishcoffee
4 days ago
> Canada lowering tariffs saves Canadians money.
How many chinese EVs are in canada right now? If the answer is close enough to zero as to be insignificant, how is this saving canadians any money on chinese EVs?
If it helps, we can say something like: this adds $1-$2B gross revenue to china selling EVs to canada. Profit, probably less than a $1B. Needle still not moving.
Expanding the market with alternatives that are now cheaper seems like an opportunity to save Canadians money.
> Needle still not moving.
It's a geopolitical needle move, not a purely financial one.