100 Pc Tariff On Chinese-Made Electric Vehicles: Justin Trudeau

OTTAWA (ANI) – Canadian Prime Minister Justin Trudeau has announced that Canada will introduce higher tariffs on Chinese-made electric vehicles and Chinese steel. He made the remarks while speaking to reporters in Halifax on August 26.

Trudeau stated that the decision was taken to spur electric vehicle manufacturing in Canada. The decision brings Canada in line with the recent US trade policy changes, according to Global News report.

Earlier in May, President Joe Biden announced that he was increasing tariffs on Chinese EVs from 25 per cent to 100 per cent this year.

In June, Canada’s Finance Minister Chrystia Freeland said that the federal government was concerned by “unfair” Chinese trade practices in the electric vehicle manufacturing sector. She announced the beginning of a consultation process into potential response measures.

Freeland had hinted at what the restrictions being considered by the government might look like. Currently, the only Chinese-made EVs imported into Canada are Tesla’s manufactured in Shanghai, the report said.

Earlier in May, Biden announced an increase in tariffs on Chinese imports across a handful of sectors deemed strategic to national security, CNN reported.

The increase in tariffs was announced on imported steel and aluminum, legacy semiconductors, electric vehicles, battery components, critical minerals, solar cells, cranes and medical products. The new tariff rates – 100% on electric vehicles, 50 per cent on solar components and 25 per cent for all other sectors – will be implemented over the next two years.