Canada To Impose Huge Tariffs On Chinese Electric Vehicles

Canada announced it would impose a 100% tariff on Chinese electric vehicles and a 25% tariff on steel and aluminum imports from China to counter China's over-capacity policies. The measures align with those of the U.S. and EU. Canada looks to strengthen its position in the global EV supply chain.

Canada, aligning with the United States, announced a 100% tariff on Chinese electric vehicles and a 25% tariff on steel and aluminum imports from China. Prime Minister Justin Trudeau stated that the measures counter China's intentional policy of over-capacity.

Trudeau emphasized that these tariffs will take effect on October 1 and highlighted the importance of global cooperation against unfair trade practices. The decision came during a closed-door cabinet meeting in Halifax, Nova Scotia. The Chinese embassy in Ottawa has yet to comment.

China is Canada's second-largest trading partner. Imports of Chinese automobiles through Vancouver's port surged by 460% in 2023. Canada aims to strengthen its EV supply chain and has secured billion-dollar deals with European automakers. The U.S. may soften its planned tariffs, which are set to be implemented in September.