Canada’s government says it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission.
Canada’s government on Monday announced it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission.
The announcement followed encouragement by U.S. national security advisor Jake Sullivan during a meeting with Canadian Prime Minister Justin Trudeau and cabinet ministers on Sunday. Sullivan is set to make his first visit to Beijing on Tuesday.
Trudeau said Canada also will impose a 25% tariff on Chinese steel and aluminum.
“Actors like China have chosen to give themselves an unfair advantage in the global marketplace,” he said.
The Big Three - With the help of governments we will create EVs for North America that will help reduce carbon levels.
China - financially supports the development of cheap EVs it wants to ship worldwide.
The Big Three - No not like that!!!
Edit - To all those downvoting, how many times have we bailed out or given loans/grants to the Big Three?
1979 - Dec. 21- Chrysler receives a $1.5 billion federal loan guarantee, known as the Chrysler Loan Guarantee Act of 1979, the first big US automaker bailout. Source
Dec 2008 - President Bush announces a $13.4 billion emergency bailout for GM and Chrysler to be paid by mid-January 2009. (source same as above)
2018 - Liberal government writes off 2009 $1.1B US loan to Chrysler, plus interest, docs show Source
2023 - Auto industry’s switch to EVs gets $12 billion in loans and grants from the US Energy Department Source
2024 - Canada’s PBO estimates total corresponding government support (for EV capital and operating expenses) to be up to $52.5 billion Source
Funny you’re being downvoted. Apparently the government sending billions in subsidies to companies that offshore most manufacturing to China anyway is the free market. But China doing the same thing isn’t.
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The Big Three - With the help of governments we will create EVs for North America that will help reduce carbon levels.
China - financially supports the development of cheap EVs it wants to ship worldwide.
The Big Three - No not like that!!!
Edit - To all those downvoting, how many times have we bailed out or given loans/grants to the Big Three?
1979 - Dec. 21- Chrysler receives a $1.5 billion federal loan guarantee, known as the Chrysler Loan Guarantee Act of 1979, the first big US automaker bailout. Source
Dec 2008 - President Bush announces a $13.4 billion emergency bailout for GM and Chrysler to be paid by mid-January 2009. (source same as above)
Funny you’re being downvoted. Apparently the government sending billions in subsidies to companies that offshore most manufacturing to China anyway is the free market. But China doing the same thing isn’t.