Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Under the agreement between China and Canada, at least half of the EVs imported would be required to have a price of $35,000 Canadian dollars (US$26,000), according to Carney's office. Canada will also work with Chinese automakers to ensure timely vehicle certifications, and that they meet the country's motor-vehicle safety standards. In 2025, Ford, GM and Jeep owner Stellantis sold over 700,000 vehicles combined in Canada. Chinese automakers, meanwhile, have been rapidly gaining global market share in recent years, but continue to be effectively barred from entering the massive US car market due to triple-digit tariffs on Chinese vehicle imports.