Canada Joins US in Proposing 100% Tariffs on Chinese-Made EVs Amid Rising Tensions
Aug. 26, 2024
In a bold move reflecting growing tensions, Canada announced it will impose a 100% tariff on Chinese electric cars(EVs). This comes alongside a 25% tariff on Chinese steel, as Prime Minister Trudeau signals a tougher stance on trade with Beijing.
The new tariffs follow a similar decision by the U.S., marking a coordinated effort between North American allies to challenge China’s dominance in key industries. Trudeau hinted at more punitive measures on the horizon, suggesting that this may be just the beginning of a broader economic confrontation.
As the global trade landscape becomes increasingly fractious, Canada’s latest measures could have far-reaching implications for the EV market and beyond.