Canada Imposes 100% Tariff on Chinese EVs
Move Targets Chinese Automakers Like BYD Amid Rumors of North American Expansion Plans...
In a significant move aligning with the United States and European Union, Canada announced on Monday that it would impose a 100% tariff on all imports of Chinese electric vehicles (EVs) and a 25% tariff on imported steel and aluminum from China. The new tariffs, set to take effect on October 1, aim to counter what Prime Minister Justin Trudeau described as China’s state-directed policy of overcapacity.
Canada Imposes 100% Tariff on Chinese EVs
In a significant move aligning with the United States and European Union, Canada announced on Monday that it would impose a 100% tariff on all imports of Chinese electric vehicles (EVs) and a 25% tariff on imported steel and aluminum from China. The new tariffs, set to take effect on October 1...
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