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- Canada Imposes 100% Tariffs on Chinese Electric Vehicles and 25% Levy on Steel Imports
Canada Imposes 100% Tariffs on Chinese Electric Vehicles and 25% Levy on Steel Imports
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Canadian Prime Minister Justin Trudeau has announced plans to impose new tariffs on imports from China. The tariffs include a 100% tax on Chinese electric car imports, as well as a 25% surtax on imports of steel and aluminum products from China. This move is seen as a response to concerns that China is trying to export its way out of economic difficulties. The tariffs are set to be implemented, with the 25% surtax on steel and aluminum products taking effect on October 15.
I think we all know that China is not playing by the same rules.
What is important about this is we're doing it in alignment and in parallel with other economies around the world.
Actors like China have chosen to give themselves an unfair advantage in the global marketplace.
We are transforming Canada's automotive sector to be a global leader in building the vehicles of tomorrow, but actors like China have chosen to give themselves an unfair advantage in the global marketplace, compromising the security of our critical industries and displacing dedicated Canadian autos and metal workers.
The future of electric vehicles will be made in America by union workers.
For years the Chinese government has poured state money to Chinese companies across a whole range of industries … pushing Chinese companies to produce far more than the rest of the world can absorb.
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sources
perspectives
- 1.US Economy
- 2.Protectionism
- 3.German Economy
- 4.Electric Cars
- 5.China-EU Relations
- 6.Automotive industry
- 7.Electric battery
- 8.China-Germany Relations
countries
- 1.Canada
- 2.China
- 3.United States
