Canada is still considering tariffs on Chinese-made electric vehicles (EVs). Canada’s Finance Minister will discuss potential trade barriers with business and labor groups.
Earlier this month, the Canadian government opened a 30-day public consultation period seeking advice and opinions on potential tariffs on China-made EV imports. The consultation period ends on August 1, 2024.
Canada’s Finance Minister and Deputy Prime Minister Christie Freeland talked to Bloomberg about the potential tariffs on China-made electric vehicles and other Chinese products. She noted that, given the current political climate, countries must look at trading relationships through the lens of national security.
“Geopolitics and geoeconomics is back. That means that Western countries— and very much the US — is putting a premium on secure supply chains and is taking a different attitude towards Chinese overcapacity. And that means that Canada plays an even more important role for the United States,” Freeland said.
Freeland hinted that Canada might also consider tariffs for other Chinese-made products, similar to the United States. In May, the White House launched new tariffs on Chinese electric vehicles and other products imported from China. President Biden placed 100% tariffs on China-made electric vehicles.
Earlier this month, the European Commission (EC) started implementing tariffs on China-made electric vehicles. The EC’s tariffs ranged from 17% to 37.1% and will be added on top of Europe’s current 10% rate.
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