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February 6 – Canadian Prime Minister Mark Carney announced a new electric vehicle strategy on February 5, including the reintroduction of purchase subsidies and a commitment to collaborating with China to promote domestic production and export of electric vehicles in Canada. According to a statement released by the Prime Ministers Office, Canada will fully utilize existing and new trade agreements, including the recent electric vehicle cooperation agreement with China, to promote large-scale investment in the sector, diversify Canadas automotive export markets, and establish Canada as a global leader in the electric vehicle industry.
The United States will remove 1,675 retaliatory tariffs on Argentine products.
The Venezuelan parliament, controlled by the ruling party, supported the amnesty law in its initial trial.
The White House: (Regarding the South Korean tariffs) I do not yet have a timeline for that.
On February 6th, Saudi Arabia cut prices for its main crude oil grades sold to Asian buyers to their lowest levels in years, further indicating that global oil supply has exceeded demand. Data shows that Saudi Aramco will reduce the price of its Arab Light crude oil to Asian buyers by 30 cents per barrel, bringing it in line with the regions March benchmark price. This price cut is even lower than the lowest expectations in a survey of refiners and traders. However, this is still the lowest Saudi oil price level since the end of 2020.