Friday, June 21, 2024

Canada Mulls Steep Tariffs on Chinese Electric Cars to Align With EU, US

Canada is considering imposing new tariffs on Chinese electric vehicles following similar measures taken by the European Union and the United States, US media reported on Friday citing Canadian officials.

Prime Minister Justin Trudeau's cabinet is still unclear about how to proceed, people familiar with the considerations told Bloomberg on condition of anonymity. The start of public consultations on import tariffs is likely to be announced soon.

Trudeau is reportedly under pressure both at home and abroad to align Canada with the United States and the European Union after they announced plans to take import duties on Chinese EVs up to, respectively, 102.5% and 48%. Concerns are that Chinese automakers would push domestic competitors out of the Canadian market.

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