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.
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So what is stopping canada from subsidizing our own cheap EVs?
We are.
Canada’s PBO estimates total corresponding government support (for EV capital and operating expenses) to be up to $52.5 billion Source
Oil companies and the ICE manufacturers that rely on them.
Changing production lines to EVs is expensive, and they want profits now. Not later. Line must go UP