Canada has announced a new trade policy, introducing a 100% tariff on imports of electric vehicles (EVs) manufactured in China. This move is part of a broader effort to address competitive imbalances and promote fair trade practices by aligning with similar measures taken by other nations.
The new policy also includes a 25% tariff on imported steel and aluminum from China, reinforcing Canada’s commitment to ensuring a level playing field for its domestic industries. This coordinated approach is designed to support fair competition and enhance trade fairness in the global market.
As Chinese EV brands prepare to enter the Canadian market, this strategic tariff aims to create a balanced competitive environment. Additionally, Canada will conduct a 30-day consultation to explore potential tariffs on other Chinese products, such as batteries and critical minerals.
This initiative underscores Canada’s dedication to fostering fair trade and supporting local industries, ensuring a balanced and competitive global trade landscape.
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