Canada is exploring the possibility of implementing a surtax on select Chinese products, such as critical minerals, batteries, solar panels, and semiconductors, as part of its efforts to ensure a balanced and equitable international trade environment.
The Canadian finance ministry has initiated a 30-day public consultation period to gather feedback on this potential surtax. This initiative follows Canada’s recent introduction of tariffs on Chinese electric vehicles, steel, and aluminum, which aim to address trade imbalances and promote fair competition.
The finance ministry noted that these measures are designed to support Canadian industries, especially in the automotive sector and related supply chains, by addressing concerns over overcapacity in Chinese production.
A spokesperson for the Chinese embassy expressed a commitment to constructive engagement on trade matters and emphasized China's dedication to defending its trade rights. Additionally, China has launched an anti-dumping investigation into Canadian rapeseed imports, presenting a chance for dialogue and negotiation between the two nations.
These actions highlight the ongoing efforts by both countries to refine trade practices and uphold principles of fairness and reciprocity in global markets.
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