"Canada to Impose 100% Tariff on Chinese EVs, Trudeau Announces"

27 Aug, 2024

Canada to Impose 100% Tariff on Chinese EVs, Trudeau Announces

Prime Minister Justin Trudeau announced that Canada will impose a 100% tariff on Chinese electric vehicles, starting this week. Additionally, Canada will levy a 25% tariff on imported steel and aluminum from China. This decision follows a 30-day public consultation period on Chinese EVs and aligns Canada's trade measures with those of the United States and the European Union.

Trudeau emphasized that this move is essential due to China not adhering to the same trade rules as other global economies. By implementing these tariffs, Canada aims to strengthen its position within the global electric vehicle (EV) supply chain. The new tariffs are part of Canada's broader strategy to enhance its manufacturing sector and counterbalance China's influence in the EV market.

Ottawa's actions reflect increasing domestic pressure to address trade imbalances and unfair practices. Meanwhile, the United States is set to finalize its own tariff increases on Chinese goods, which may be adjusted before implementation. Canada has been actively securing significant deals with European automakers to boost its EV manufacturing capabilities and expand its role in the global automotive industry.