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What will be the impact of Canada's tariffs on Chinese EV imports by the end of 2024?
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Trade reports and import/export data from Canadian government
Story
Canada to Impose 100% Levy on Chinese EVs, 25% on Steel and Aluminum
Aug 26, 2024, 11:21 AM
The Canadian government, led by Prime Minister Justin Trudeau, plans to impose new tariffs on Chinese-made electric vehicles, steel, and aluminum. This move aligns with the United States' recent tariff measures on Chinese electric vehicles. According to sources, Canada intends to implement a 100% levy on electric cars and a 25% levy on steel and aluminum. The decision is seen as a response to pressure to protect domestic manufacturers and to align with Western allies.
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