Ticker: Canada agrees to cut tariff on Chinese EVs; NYC nurses restart contract talks

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 Friday.

Carney made the announcement after two days of meetings with Chinese leaders. He said there would be an initial annual cap of 49,000 vehicles on Chinese EV exports coming into Canada at a tariff rate of 6.1%, growing to about 70,000 over five years. China will reduce its total tariff on canola seeds, a major Canadian export, from 84% to about 15%, he told reporters.

“Our relationship has progressed in recent months with China. It is more predictable and you see results coming from that,” Carney said.

NYC nurses restart contract talks

New York City nurses on strike say they’ve restarted contract talks with another one of the major hospital systems affected by the walkout that’s now in its fifth day.

The New York State Nurses Association said Friday that its bargaining team began meetings with their counterparts at the three impacted Mount Sinai hospitals Friday morning at the request of a mediator.

The union met Thursday night with NewYork-Presbyterian officials and a federal mediator in the first negotiations since roughly 15,000 nurses walked off the job Monday.

Both sides said the hours-long meeting ended with very little progress made to end the city’s biggest strike of its kind in decades.

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