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Canada Hits China With 100% Tariff On Electric Cars

Canada Hits China With 100% Tariff on Electric Cars

by Zero Hedge
August 27, 2024
in Aggregated, News

  • Former White House Advisor: “Trump to Release $150 Trillion Endowment”


Who needs Trump for an all-out trade war between the West and China.

Taking a page out of Europe’s playbook, Canada will impose staggering new tariffs on Chinese-made electric vehicles, aluminum and steel, lining up behind western allies and taking steps to protect domestic manufacturers.

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Speaking in Halifax, Nova Scotia, where he was gathered with the rest of his cabinet for a series of meetings about the economy and foreign relations Prime Minister Justin Trudeau unveiled the new policy which consists of a 100% levy on electric cars and 25% on steel and aluminum. The EV tariff will take effect Oct. 1 and will also include certain hybrid passenger automobiles, trucks, buses and delivery vans. It will be added to an existing 6.1% tariff that applies to Chinese EVs, the government said in a news release.

The levies on aluminum and steel will come into place Oct. 15. The government released an initial list of goods on Monday and the public will have a chance to comment before it is finalized on Oct. 1. […]

— Read More: www.zerohedge.com

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