Canada announces 100% tariff on Chinese EVs
Canada will follow the US as it announced on Monday plans to impose a 100 per cent tariff on the import of Chinese electric vehicles (EVs). It also announced a 25 per cent tariff on imported steel and aluminum from China.
Prime Minister Justin Trudeau said Ottawa was acting to counter what he called China’s intentional, state-directed policy of over-capacity.
“I think we all know that China is not playing by the same rules,” Canadian Prime Minister Justin Trudeau told reporters. The tariffs will be imposed starting Oct. 1, 2024.
“What is important about this is we’re doing it in alignment and in parallel with other economies around the world,” Trudeau added on the sidelines of a three-day closed-door Cabinet meeting in Halifax, Nova Scotia.
China is the second-largest trading partner for Canada. According to data from Canada’s largest port in Vancouver, imports of automobiles from China at the port skyrocketed 460 per cent annually in 2023, when Tesla started shipping Shanghai-made EVs to Canada.
In May, US President Joe Biden announced a quadrupling of tariffs on Chinese EVs to 100 per cent. However, the Implementation of the US tariffs has been delayed until September.
Later, the European Union imposed in July tariffs of up to 37.6 per cent on imports of Chinese EVs.
Attribution: Reuters
