Canada’s Bold Move: Imposing 106.1% Tariffs on Chinese Electric Cars
The global automotive market landscape is rapidly changing, with countries like the United States and Europe adopting protectionist measures against electric vehicles made in China. Canada has now joined in, announcing a drastic increase in customs tariffs for Chinese cars, raising them from 6.1% to 106.1%. This move aims to double the prices of Chinese cars in Canada and discourage their sale, including electric vehicles.
The intensifying trade war against China
Canada’s decision follows similar actions in Europe and the United States, with tariffs in Europe reaching up to 38% and increasing from 25% to 100% in the United States. The Canadian government, inspired by the U.S., plans to impose tariffs on trucks, buses, and delivery vans from China starting October 1st to protect the local automotive industry.
A commitment to fair competition
Mary Ng, Canada’s Minister of Export Promotion, International Trade, and Economic Development, highlighted the government’s commitment to fair competition for Canadian workers and companies amidst investment and transformation. The new measures aim to level the playing field and protect against non-commercial practices from China, ensuring that local companies can compete globally.
