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submitted 11 hours ago by RandAlThor@lemmy.ca to c/canada@lemmy.ca

Stellantis is discussing options for building electric vehicles in Canada in partnership with China’s Zhejiang Leapmotor Technology, according to people familiar with the matter. It’s a signal of how quickly the auto industry is being reshaped by US protectionism. Tariffs were the trigger that caused Canada to open the door to companies from China, the world’s largest car market.

The talks with the Canadian government are at an early stage. If the companies proceed, it would be the first major Chinese auto investment in Canada since Prime Minister Mark Carney reached an agreement with President Xi Jinping in January to reduce tariffs on Chinese-made EVs.
For Carney and Industry Minister Melanie Joly, it’s tricky. They want to see the factory humming again. But just as important, they want a supply chain and business for auto suppliers in Ontario — not large-scale parts imports from China.

Flavio Volpe, the auto parts manufacturers’ representative, had a warning for the government soon after we published our story. “A ‘complete knock-down’ operation with all parts and systems brought in from China is an import quota cheat. Allowing this will kill Canadian industry,” he said on social media.

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[-] RandAlThor@lemmy.ca 7 points 6 days ago

I think you're missing the tenet of the intent. China is building a China-centric trading eco system. They want what US has. The rest of the world subsidizing them while they control the world trade and financial system. This new block is trying to be counter-weight in negotiating a better WTO against China and the US. The picture you're missing is that the post-WWII order established by non-communist countries are geared to favor the US and the West. But now that US is breaking the old understanding where that advantage was shared with junior partners, they are finding themselves at a disadvantage. That's why Carney is smartly trying to organize the junior partners of US to form a block, to not only revive WTO, but to create a better one.

[-] RandAlThor@lemmy.ca 7 points 6 days ago

China is building its own axis with China at its center, with ambition to rival and take over from the US as the world's only super power. India is in the BRIC block very friendly with Russia, led by a right wing Hindu nationalist party. They got their own blocks.

[-] RandAlThor@lemmy.ca 77 points 5 months ago

I am disappointed.

[-] RandAlThor@lemmy.ca 114 points 10 months ago

What do you mean TACO aren't they striking Ukraine daily? TACO are you announcing that Russia and Ukraine are at war?

[-] RandAlThor@lemmy.ca 65 points 10 months ago

Art of the deal: make concessions before negotiations.

[-] RandAlThor@lemmy.ca 85 points 11 months ago

Huge sigh of relief

[-] RandAlThor@lemmy.ca 88 points 11 months ago

If they weren't, they wouldn't have voted for you dumbass!

[-] RandAlThor@lemmy.ca 119 points 1 year ago

China and Vietnam are producing a lot of the low cost every day items people use. It's going to hit the lower income people the hardest. Thank goodness I'm in Canada.

[-] RandAlThor@lemmy.ca 133 points 1 year ago

They need to fire the leaders of Democratic party. Find new blood and new direction. Swing to the right didn't help them.

[-] RandAlThor@lemmy.ca 75 points 2 years ago

What kind of exploitative capitalism do we have in Canada? And how is this allowed? This is utterly ridiculous!

[-] RandAlThor@lemmy.ca 108 points 2 years ago

What a piece of shit. And this guy was running US foreign policy? Wow. Saudis must be regretting paying this man $40m a year to manage their billions.

[-] RandAlThor@lemmy.ca 65 points 2 years ago

Funny thing is this kind of behaviour isn't unique to Musk. A lot of entrepreneurs and CEOs seem to have similar kind of attitude. They want everything done cheaper faster and there's no 2 ways about it. It's their way or highway. If shit goes to hell it's other people's heads that roll.

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RandAlThor

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