Canada plans to impose new tariffs on imports of electric vehicles, steel, and aluminum from China, effective October 2024. The 100% tariff on Chinese EVs aims to support domestic production, while 25% tariffs on Chinese steel and aluminum will protect Canadian industries.
These actions follow a similar move by the U.S. to raise tariffs on Chinese goods in strategic sectors like clean technology. China has vowed to retaliate by launching anti-dumping probes into Canadian canola and chemical products. The tariffs are part of a growing trend of countries seeking to limit imports from China and reduce reliance on Chinese supply chains.
Citations:
[1] https://www.whitecase.com/insight-alert/canada-raise-tariffs-and-limit-subsidies-clean-vehicles-steel-and-aluminum-china
[2] https://fortune.com/asia/2024/09/03/beijing-hits-back-china-ev-tariffs-anti-dumping-probe-canadian-goods/
[3] https://www.canada.ca/en/department-finance/news/2024/08/surtax-on-imports-of-steel-and-aluminum-products-from-china.html
[4] https://www.wilsoncenter.org/article/360deg-view-new-tariffs-china
[5] https://www.csis.org/analysis/experts-react-energy-and-trade-implications-tariffs-chinese-imports
[6] https://www.youtube.com/watch?v=5KPEiKJcCIA
[7] https://riddimsworld.com/collections/dj-reggae-dancehall-mixtapes-collection-2000-2010/
[8] https://www.boomplay.com/artists/40689