Canada to Impose New Tariffs on Chinese Automotive and Metal Imports

Canada plans to introduce new tariffs on electric vehicles, aluminum, and steel imported from China. The measures include a 100% levy on Chinese-made electric vehicles and a 25% levy on Chinese aluminum and steel. These steps aim to protect domestic industries and address trade imbalances.

Canada is expected to levy new tariffs on imports of electric vehicles, aluminum, and steel originating from China, according to a report by Bloomberg News on Monday. The information was sourced from individuals familiar with the matter.

The Canadian government intends to announce a 100% tariff on Chinese-manufactured electric vehicles. Additionally, a 25% tariff will be imposed on both steel and aluminum from China, as per the report.

These tariffs are seen as measures to safeguard local industries and address perceived trade discrepancies between the two nations.