MONEY MASTER

Key Takeaways China and Canada agree to lower tariffs on EVs and canola Canada cuts EV tariffs to 6.1% for up to 49,000 Chinese vehicles China to slash canola tariffs to ~15% from ~85% Deal offers near-term gains for Canadian agriculture US warns agreement may complicate USMCA negotiations Trade diversification, not US replacement, is Canada’s aim China and Canada are taking concrete steps toward closer economic cooperation, agreeing to  lower tariffs on Chinese electric vehicles (EVs) and Canadian canola , as both countries seek stability amid rising US trade uncertainty. Following a meeting between  Xi Jinping  and Canadian Prime Minister  Mark Carney  in Beijing, leaders described the relationship as a  “new strategic partnership.”  The move comes as the global trading system faces growing fragmentation and protectionist pressure. Canada will allow  up to 49,000 Chinese-made EVs  to enter its market at a  reduced tariff rate of 6.1% ,...

  BYD Expands in Europe with Competitive Pricing Chinese EV maker BYD introduced its compact SUV, the Atto 2, in France for €28,990 ($30,358). The Atto 2 enters the  highly competitive European B-SUV market , offering a  cheaper alternative to major rivals . How BYD’s Atto 2 Stacks Up Against Competitors €5,000 cheaper than the Kia Niro. €6,000 less than the Opel Mokka-e. €7,000 below the Peugeot e-2008. However,  Opel Mokka-e and Peugeot e-2008 qualify for French EV incentives of up to €4,000 , reducing the price gap. The  Stellantis Citroen e-C3 remains €6,000 cheaper than the Atto 2  even before incentives. BYD’s Strategy in the European EV Market BYD is  aggressively pricing its models  to compete with established automakers. Expanding into  France and broader European markets , targeting price-sensitive consumers. The  launch in Paris’ La Défense Arena  signals BYD’s commitment to European expansion. Summary: BYD launches Atto ...

Once a strong Tesla supporter,  Gerber Kawasaki Wealth & Investment CEO Ross Gerber  now warns that  Tesla's stock (TSLA) could plunge 50% in 2025 . Having sold  $60 million worth of Tesla shares , he cites growing concerns over Tesla’s  declining popularity, autonomous driving setbacks, and CEO Elon Musk’s shifting priorities . Tesla's stock has already  dropped 16% this year , and Wall Street firms like  JPMorgan  have set a  $135 price target , implying a  60% downside . Key Reasons Behind Gerber’s Bearish Outlook: 1️⃣  Autonomous Taxi Network is Unrealistic  – Musk’s goal of launching self-driving taxis in Austin by June seems  impossible to achieve . 2️⃣  Self-Driving Technology Lacks LIDAR  – Tesla's reliance on cameras over LIDAR raises  concerns about safety and functionality . 3️⃣  Musk’s AI Focus is Hurting Tesla  – With Musk prioritizing AI and  spending less time at Tesla , car...

The Malaysian government has rolled out multiple   initiatives   to boost   local electric vehicle (EV) production   and support the country's transition to a   greener automotive industry . Deputy Minister of Investment, Trade, and Industry   Liew Chin Tong   highlighted these measures in Parliament, aiming to meet rising   local EV demand   and achieve   Net Zero   goals under the   National Industrial Master Plan 2030 . Key Incentives Tax Exemptions : Full  import and excise duty exemptions  for imported EVs until  Dec 31, 2025 . Full  tax exemptions  on domestically produced EVs until  Dec 31, 2027 . Road tax exemptions  for EV users until the end of  2024 . Tax Reliefs : Income tax allowance  or  pioneer status  for energy-efficient vehicle (EEV) manufacturers, including EV components. Individual tax relief  of up to  RM2,500  for  EV charging insta...