Canada Imposes 100% Tariff on Chinese EVs, 25% on Steel and Aluminum

Aug 26, 2024, 02:06 PM

Canada has announced the imposition of new tariffs on Chinese-made electric vehicles, steel, and aluminum. Prime Minister Justin Trudeau stated that the government will implement a 100% tariff on electric vehicles imported from China and a 25% tariff on Chinese steel and aluminum. This move aligns Canada with similar actions taken by the United States and the European Union, aiming to counter perceived trade imbalances and protect domestic industries. The decision, expected to be announced in Halifax, Nova Scotia, comes amid concerns over China's subsidies, which are seen as giving its industries an unfair advantage in the global market.