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What will be the percentage change in Chinese EV imports to Canada by end of 2024?
2
Canada•China•United States•Justin Trudeau•Canadian•Pierre Poilievre•Doug Ford•Chinese•Europe•Japan•Korea•Biden
Resolution / Starting Odds
Increase by more than 10% • 25%
Decrease by more than 10% • 25%
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Trade statistics from Canadian customs or credible news sources
Story
Canada Imposes 100% Tariff on Chinese EVs, Steel, and Aluminum
Aug 26, 2024, 02:39 PM
Canada has announced a 100% tariff on electric vehicles (EVs), steel, and aluminum imported from China, a move that aligns with similar actions taken by the United States. This decision is part of a broader strategy to counteract what Prime Minister Justin Trudeau describes as China's unfair trade practices. The tariffs are expected to significantly impact the import of Chinese-made Teslas into Canada, prompting a shift towards importing U.S.-made Teslas instead. The Canadian government, supported by political figures such as Pierre Poilievre and Doug Ford, views the tariffs as a protective measure against subsidized Chinese goods that could undermine the Canadian economy. This move has sparked discussions about potential retaliatory actions from China and the implications for international trade laws under GATT/WTO rules. Countries with significant car manufacturing industries, including Europe, Japan, and Korea, are also sending a message against direct exports from China. Additionally, a top Biden adviser has urged Canada to join the U.S. in addressing the influx of Chinese EVs.
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