Canada Slaps Chinese-Made EVs With 100% Tariff

🇨🇦Canada is implementing a tariff on electric vehicles made in China.

On Monday, 🇨🇦Canadaannounced a plan to impose a 100% tariff on EVs made in China.

Additionally, it will impose a 25% tariff on Chinese steel and aluminum.

Canadian Prime Minister Justin Trudeau said, “Actors like China have chosen to give themselves an unfair advantage in the global marketplace.”

The Associated Press notes, “Chinese firms can sell EVs for as little as $12,000. China’s solar cell plants and steel and aluminum mills have enough capacity to meet much of the world’s demand. Chinese officials argue their production keeps prices low and would aid a transition to the green economy.”

The new tariff comes after the United States implemented a similar tariff on Chinese-made tariffs.

In May, President 👤Joe Biden imposed a 100% tariff on Chinese-made EVs, saying, “I’m determined that the future of electric vehicles be made in America by union workers. Period.”

NPR explains, “Former President Donald Trump first imposed the tariffs, which are taxes paid by Americans who import goods, on vehicles and a wide range of other China-made products. After a review, the Biden administration opted to keep all of the tariffs and even increase some of them — including on solar cells, batteries, computer chips, steel and aluminum.