China News Updates

The European Union will pitch the U.S. on a critical minerals partnership to curb China’s influence, looking to shape the Trump administration’s push to strike global agreements this week.

Vehicles including Tesla’s Model Y and Model 3, BMW’s iX3, and other models by many Chinese brands feature retractable car door handles that could be subject to the new rules.

China’s imports of canola and canola products from Canada — a trade valued at C$4.9 billion ($3.6 billion) in 2024 — had plunged last year after Beijing imposed steeps levies on the goods.

U.S. Commerce Secretary Howard Lutnick dismissed as “political noise” the moves in recent days by Canada’s Prime Minister Mark Carney to strengthen trade relations with China.

The Detroit-based manufacturer also said it will likely end output of its all-electric Chevrolet Bolt that’s built in the Kansas plant in about a year and a half.

Ontario Premier Doug Ford doubled down on opposition to Canada’s trade truce with China, warning that opening the door to Chinese EVs risks gutting the Canadian sector.

Treasury Secretary Scott Bessent said Jan. 20 in an interview on Fox Business that Vice Premier He Lifeng confirmed to him that China has completed their soybean purchases.

Breaking with the United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Jan. 16.

Under the terms, which the White House was poised to announce Jan. 15, duties on Taiwanese shipments would fall from the previous 20% rate — putting them on par with Japan and South Korea.

Under an order Trump signed on Jan. 14, the government would collect the duty on the chips as they’re brought to the U.S. before final shipment to Chinese customers and other foreign markets.