Canada has announced a significant move to impose a 100% tariff on imports of Chinese-made electric vehicles, aligning with similar measures taken by the United States. Additionally, a 25% tariff will be applied to Chinese steel and aluminum imports. Prime Minister Justin Trudeau emphasized the need for these tariffs, citing China's unfair advantage in the global marketplace.
The decision follows a 30-day consultation initiated by the Canadian government earlier this summer in response to concerns raised by Deputy Prime Minister Chrystia Freeland regarding Chinese companies creating a global oversupply. This move by Canada mirrors recent actions by the U.S. and the European Commission to increase tariffs on Chinese electric vehicles.
