The trade war between China and its BRICS partners and the Western alliance continues to gather pace.
In a decisive move to bolster its manufacturing sector, Canada is set to impose hefty tariffs on Chinese electric vehicles (EVs), steel, and aluminum. This bold policy, soon to be unveiled by Prime Minister Justin Trudeau, aligns Canada with Western allies in a broader economic pushback against China’s state-driven overcapacity.
The upcoming measures include a staggering 100% tariff on Chinese-made electric cars and a 25% levy on steel and aluminum imports. The decision, backed by Finance Minister Chrystia Freeland, signals a significant shift in Canada’s trade strategy.
The Canadian auto sector, deeply intertwined with the U.S. market, has been vocal in its demands for protection against what it sees as unfair competition from China. The government's plan to increase tariffs is seen as a direct response to these concerns, aiming to safeguard Canadian jobs and wages.
The move is not without precedent; the European Union has already proposed similar tariffs on Chinese EVs, though at lower rates. With the value of Chinese EVs imported into Canada skyrocketing to C$2.2 billion last year, the Canadian government is keen to prevent a further influx of low-cost vehicles that could disrupt the market.
Steel and aluminum producers in Canada, echoing the concerns of the auto industry, have long called for restrictions on Chinese imports, citing the detrimental impact of China’s industrial policies on local jobs.
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Canada has a manufacturing sector? First I'm hearing about it.
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Ha! It's funny because it's true.
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The vast majority of the cars made in Canada are exported to the US. If Americans aren't buying EVs, Canadian factories probably won't make them.
Tariffs on Chinese cars match the US'. Still, a Chinese firm could build a plant (likely in Mexico) and probably avoid the tariffs.
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Who is the auto sector in Canada?
My old Honda Civic was assembled in Canada. My mechanic told me when he was ordering a new part.
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Hopefully Canadians don’t think that tariffs are taxes paid by the targeted country like most Americans do. It is a tax on the Canadian citizens. Hopefully it has the intended effect.
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First off, those chinese evs are garbage. Even they dont want to buy and use them in their own country.
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I have never seen a Chinese EV in Canada.
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Canada done a great job
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