The California Air Resources Board, operating under Governor Gavin Newsom, is throwing its support behind Canada's recent tariff agreement with China that lets a limited number of Chinese-manufactured electric vehicles enter at lower tariff rates.
California Cheers Canada's EV Deal With China While Taking Shots at Trump
Get Market Alerts
Weekly insights + SMS alerts
California Sees Opportunity Where Trump Sees Threat
Lauren Sanchez, who chairs the California Air Resources Board, told Bloomberg she's "excited to see what unfolds in Canada" following the deal. Her message was clear: President Donald Trump's administration is "going it alone" while the rest of the world embraces electrification.
Sanchez took aim at Trump's hostile stance toward electric vehicles, highlighting California's contrasting $200 million investment in EV infrastructure.
Newsom Touts 2.5 Million Milestone
At the World Economic Forum in Davos, Switzerland, Newsom celebrated California hitting 2.5 million EV sales. He positioned the state as picking up the slack "while Washington now cedes the global clean vehicle market to China."
Trump Fires Back at Canada Deal
Trump wasn't having it. He blasted the Canada-China arrangement, claiming Canada was "systematically destroying itself" and calling it "one of the worst deals" ever. He's previously threatened to slap 100% tariffs on Canada.
More News

Oil Breaks $100 on Iran Strike Fears as Energy ETF XLE Hits an All-Time Record

The Average Stock Is Crushing the S&P 500 by the Most Since 2009: Is the Rotation Just Getting Started?

Tech-to-Defensive Rotation, GM Stock Logs Worst Week Since 2023: This Week on Wall Street

Trump Loosens 50% Canada Tariffs Days Before Midterms as Susan Collins Fights for Her Seat

First Russian Diesel Tanker Heads to New York Under Trump-Putin Deal as Fuel Prices Stay High

American Express Lifts Profit Outlook, But 3,500 Layoffs and a $350 Million Penalty Steal the Show

The $1.3 Trillion Equity Rush: Record Flows, but the Money Is Moving Around

TSMC Stock Climbs As Moody's Hands Out An Upgrade And The Chipmaker Quietly Rethinks Rare Earths
Get Market News Alerts
Real-time alerts on price moves, news, and trading opportunities.
Join 20,000+ investors. No spam, ever.
Featured Articles
View all news
Oil Breaks $100 on Iran Strike Fears as Energy ETF XLE Hits an All-Time Record

The Average Stock Is Crushing the S&P 500 by the Most Since 2009: Is the Rotation Just Getting Started?

Tech-to-Defensive Rotation, GM Stock Logs Worst Week Since 2023: This Week on Wall Street

Trump Loosens 50% Canada Tariffs Days Before Midterms as Susan Collins Fights for Her Seat

First Russian Diesel Tanker Heads to New York Under Trump-Putin Deal as Fuel Prices Stay High

American Express Lifts Profit Outlook, But 3,500 Layoffs and a $350 Million Penalty Steal the Show

The $1.3 Trillion Equity Rush: Record Flows, but the Money Is Moving Around






