Canada imposes 100% tariffs on Chinese electric cars, like America!

Canada imposes 100% tariffs on Chinese electric cars, like America!

Canada said it would impose 100% tariffs on Chinese electric vehicle imports, and announced 25% tariffs on steel and aluminum imports from China , as the United States has done.

Prime Minister Justin Trudeau said Ottawa, the "capital," is working to counter what he called China's deliberate and targeted policy of increasing production capacity.

“I think we all know that China does not play by the same rules,” he told reporters . The tariffs will be imposed starting Oct. 1, 2024, and “what’s important about this is that we’re doing it in tandem with other economies around the world,” he said.

China is Canada’s second-largest trading partner, though trade volumes are much lower than the United States. Data from Canada’s largest port in Vancouver showed that car imports from China at the port jumped 460% year-on-year in 2023, when Tesla began shipping Shanghai-made electric cars to Canada.

Trudeau said Ottawa will continue to work with the United States and other allies to ensure that customers around the world are not unfairly penalized for the anti-market practices of countries like China. He said they are looking at other sanctions such as tariffs on chips and solar cells.

In May, US President Joe Biden announced a doubling of tariffs on Chinese electric vehicles to 100%, and a doubling of tariffs on semiconductors and solar cells to 50%.

In addition to new 25% tariffs on lithium-ion batteries and other strategic goods including steel to protect companies from Chinese overproduction, the European Union last month imposed tariffs of up to 37.6% on electric vehicle imports.

Canada is trying to become a key part of the global electric vehicle supply chain and has come under intense pressure from the domestic industry to take action against China, signing multibillion-dollar deals to bring in major European automakers across the electric vehicle supply chain to ramp up manufacturing.