Breaking News: Canada Slaps 100% Tariff on China-Made Electric Cars
In a move aimed at protecting its domestic auto industry, Canada has imposed a 100% tariff on electric cars imported from China, effective immediately. The decision comes as a response to China’s alleged unfair trade practices and intellectual property theft.
According to a statement released by the Canadian government, the tariff will apply to all electric vehicles (EVs) imported from China, including those from popular brands such as BYD, Geely, and Great Wall Motors. The move is expected to significantly increase the cost of these vehicles for Canadian consumers.
"This is a necessary step to protect our domestic auto industry and ensure a level playing field for Canadian businesses," said a spokesperson for the Canadian government. "We will continue to monitor the situation and take further action if necessary to protect our interests."
The tariff is the latest development in a long-standing trade dispute between Canada and China. In recent years, the two countries have exchanged tariffs on a range of goods, including steel, aluminum, and agricultural products.
The Canadian auto industry has been a major source of employment and economic growth for the country, with many manufacturers operating in the province of Ontario. The industry has been facing significant challenges in recent years, including increased competition from foreign manufacturers and the rise of electric vehicles.
The 100% tariff on China-made electric cars is expected to have a significant impact on the Canadian market, where EVs have been gaining popularity in recent years. The move is likely to increase the cost of these vehicles for Canadian consumers, potentially slowing down the adoption of electric vehicles in the country.
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- Canada Imposes Tariffs on China-Made Steel and Aluminum
- China Hits Back at Canada with Tariffs on Agricultural Products
- Canadian Auto Industry Faces Uncertain Future Amid Trade Disputes
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[Tech] – Canada hits China-made electric cars with 100% tariff | BBC
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