BYDDY - After US And EU Now Canada Considers Imposing Tariffs On Chinese EVs As Domestic Pressure Mounts: Report | Benzinga
Canada is considering imposing tariffs on Chinese-made electric vehicles in line with recent moves by the U.S. and the European Union. This decision, if implemented, could significantly impact the global EV market.
What Happened: The Canadian government, led by Prime Minister Justin Trudeau, is contemplating the imposition of new tariffs on Chinese EVs, reported Bloomberg on Friday, citing people familiar with the matter. This comes after similar actions were taken by the U.S. and the EU.
The potential tariffs are expected to be announced soon, with the government initiating public consultations. This move aims to address China’s overproduction of EVs, a strategy that Western democracies view as an attempt to dominate global supply chains and undermine their industries.
Trudeau has been facing mounting pressure to align Canada’s tariff policy with that of the U.S. and the EU. The Biden administration announced a plan in May to significantly ...