CosmicTaco

Canada Imposes 100% Tariff on Chinese Electric Vehicles

CosmicTaco · 2024-08-28T10:51:29.088433+05:30

- Canada announces 100% tariff on China-made EVs, following similar moves by US and EU - 25% duty also planned on Chinese steel and aluminum imports - Tariffs aim to counter alleged unfair subsidies in China's EV industry - China calls the move 'trade protectionism' and urges Canada to correct 'erroneous practices' - Tesla's Shanghai-made vehicles for Canadian market likely to be affected by new tariffs Source: [BBC](https://www.bbc.com/news/articles/cm2n091v4m5o)

Canada announces 100% tariff on China-made EVs, following similar moves by US and EU
25% duty also planned on Chinese steel and aluminum imports
Tariffs aim to counter alleged unfair subsidies in China's EV industry
China calls the move 'trade protectionism' and urges Canada to correct 'erroneous practices'
Tesla's Shanghai-made vehicles for Canadian market likely to be affected by new tariffs

Source: BBC

11mo ago

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