In response to unfair Chinese subsidies, Canada will impose 100% tariffs on Chinese electric vehicles and 25% on Chinese-made steel and aluminum.
Canada will raise tariffs to 100% on Chinese electric vehicles and 25% on steel and aluminum, in an effort to protect its industry and counter unfair competition. Photo: Redes
TORONTO, Canada.- In a movement that reinforces the trade tensions between Canada y Chinahe prime minister Canadian, Justin Trudeauhas revealed that the country will impose a 100% tariff to the import of electric vehicles (EV) coming from China. In addition, a 25% tariff al steel y aluminum of Chinese originThe measure, which will come into force on October 1streflects a hardening in the trade policy of Canada towards ethe Asian giant.
See note:
Ebrard calls for more tariffs against Chinese products and smuggling
The US advised Canada
The announcement comes shortly after a meeting between Jake Sullivan, US National Security Advisor., and the Canadian Governmentled by Trudeau. This meeting, in which topics of trade y economic securityseems to have influenced the decision of Canada to take stricter measures.
Trudeau presents his reasons
Trudeau justified the decision by arguing that the policies industrial of China are unfairly subsidizing their companiescreating a unfair competition for the Canadian manufacturers. ‘We are transforming Canada’s automotive sector to lead the global vehicle industry of the future’he commented Trudeau. ‘However, China’s tactics are putting the integrity of our critical industrial sectors at risk.’
The measure also responds to the growing concerns that the Chinese car manufacturers They are not competing fairly in the North American market. In June, Canada I had already begun to consider duty about the Chinese electric vehiclesand the debate intensified after the call of the Unifor union he August 1st to impose restrictions more severe.
The union also asked for tariffs to be applied
He Unifor union, one of the main defenders of the Canadian automotive industryhad lobbied intensely for their implementation duty strict. The decision of Trudeau appears to be a response to those demands, as well as a measure to protect the jobs in it automotive sector Canadian.
In addition to tariffs on electric vehiclesthe decision to impose a additional tax al steel y Chinese Aluminum It also seeks to protect the Canadian industries who face a unfair competition. It is additional fees They are added to those already existing and seek to level the playing field for the local producers.
The impact of these duty could be significant for both the Canadian consumers as for the Chinese manufacturersElectric vehicles, which have gained popularity in recent years, could face price increases due to these new tariffs. This could affect availability and cost of these cars in the Canadian market.
China has no reaction, but there could be repercussions
Meanwhile, the Chinese authorities have responded cautiously to the new tariff measures. It is expected that these policies may affect the business relations between the two countries and could lead to retaliation o additional negotiations to resolve tensions.
See note:
Vance advocates reversing Biden’s immigration measures and expelling criminals
In short, the Canada’s decision to impose duty al steel, aluminum y electric vehicles of China marks a turning point in the trade policy of the country and could have broad repercussions in the dynamics of trade global.
#arancel #aranceles #authority #Canada #China #Jake Sullivan #Justin Trudeau #TORONTO #Trudeau #Unifor
Share this note
URL copied to clipboard
