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Canada imposes a 100 percent tariff on Chinese electric cars
After the USA, Canada also wants to block the market entry of electric cars from China with a 100 percent tariff. In addition, the Canadian government announced tariffs of 25 percent on Chinese steel and aluminum products. The measures are intended to create fair conditions for the domestic industry, as Finance Minister Chrystia Freeland emphasized. Chinese manufacturers benefit, among other things, from a government-mandated policy of overcapacity and looser standards for worker and environmental protection, the government argues.
Additional E-Car Tariff from October
The additional electric car tariff is set to take effect on October 1st and will be added to the existing 6.1 percent. The steel and aluminum tariffs will follow two weeks later. Furthermore, the Canadian government intends to begin consultations on other industries, including batteries, semiconductors, and solar products.
USA also impose 100 percent tariff
In May, the U.S. government ordered additional tariffs of 100 percent on electric cars from China. So far, Chinese electric vehicles are hardly available in the USA and Canada. There is great concern in the industry about not being able to compete with inexpensive cars from China.
The EU Commission followed up in June with its own plans, which call for different tariffs depending on the manufacturer. As things stand, there will be 36.3 percent for the manufacturer SAIC, 17 percent for BYD, and 9 percent on U.S. company Tesla's vehicles built in China.
Translated automatically from German.
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