Canada to impose 100% tariffs on China-made EVs, 25% levy on steel, aluminium, matching US
‘We all know that China is not playing by the same rules,’ Canadian PM Justin Trudeau says of plan to shield domestic industries
Canada announced plans on Monday to impose new tariffs on Chinese-made electric vehicles, aluminium and steel in a bid to align its trading system with allies working to protect domestic manufacturers.
Canadian Prime Minister Justin Trudeau said his government would impose 100 per cent import taxes on electric vehicles effective October 1, and 25 per cent levies on aluminium and steel effective October 15.
“Actors like China have chosen to give themselves an unfair advantage in the global marketplace,” Trudeau said at a meeting on the economy and foreign policy in Halifax, Nova Scotia.
The move comes as major trading nations in North America, Asia and Europe, among others, express concern that Beijing is trying to export its way out of its own economic difficulties by shipping goods overseas at fire-sale prices.
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Canada to slap 100% tariffs on China-made EVs, 25% levy on steel, aluminium, matching US
In June, Trudeau’s government initiated a 30-day consultation period on the proposed tariffs. Canadian Deputy Prime Minister Chrystia Freeland has called Chinese policies a strategy by Chinese companies that would create excess capacity worldwide and undermine the Canadian EV industry.
