2 weeks ago
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Canada is enacting a 100% tariff on Chinese-made electric vehicles, mirroring U.S. actions taken due to China's alleged market-distorting subsidies.
Rob Gillies reports for The Associated Press.
In short:
- Canada announced the tariffs after discussions with U.S. national security advisor Jake Sullivan.
- Canada will also impose tariffs on Chinese steel and aluminum and may consider more tariffs on other goods.
- China condemned the tariffs as protectionist, warning of potential retaliatory actions.
Key quote:
“Actors like China have chosen to give themselves an unfair advantage in the global marketplace.”
— Justin Trudeau, Canadian Prime Minister
Why this matters:
These tariffs could escalate trade tensions between China, Canada and the U.S., impacting global markets and the electric vehicle industry. The dispute highlights ongoing concerns about China's influence on global trade.
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