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Market
What will be the change in Canadian steel and aluminum market share by June 30, 2025?
3
Canada•Chinese•United States•European Union•Justin Trudeau•Halifax•Nova Scotia•Canadian•Western•China
Resolution / Starting Odds
Increase by more than 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
No significant change • 25%
Market analysis reports and official statistics
Story
Canada to Impose 100% Tariff on Chinese EVs, 25% on Steel and Aluminum
Aug 26, 2024, 12:07 PM
Canada is set to impose significant tariffs on Chinese imports, aligning with similar measures by the United States and European Union. Prime Minister Justin Trudeau announced in Halifax, Nova Scotia, that the Canadian government will implement a 100% tariff on Chinese-made electric vehicles and a 25% tariff on Chinese steel and aluminum. This move aims to protect domestic manufacturers and address trade imbalances. The decision reflects growing Western efforts to counter China's economic influence, although it risks potential retaliation from China.
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