Trudeau also announces 25% tariff on imported steel and aluminum and says ‘China is not playing by the same rules’Canada, following the lead of the United States, on Monday said it would impose a 100% tariff on the import of Chinese electric vehicles and also announced a 25% tariff on imported steel and aluminum from China.The prime minister, Justin Trudeau, said Ottawa was acting to counter what he called China’s intentional, state-directed policy of over-capacity. But he did not specify whether tariffs would be softened or would be the same on Tesla, whose shares were down over 3% on Monday after the announcement. Continue reading…
Source link : https://www.theguardian.com/world/article/2024/aug/26/canada-tariff-china-electric-vehicles
Author : Reuters
Publish date : 2024-08-26 18:06:13
Copyright for syndicated content belongs to the linked Source.
Canada to follow US lead in imposing 100% tariff on Chinese electric vehicles
