Canada tries to halt China’s EV flood with 100pc tariffs
Ottawa | Canada, following the lead of the United States and European Union, said on Monday (Tuesday AEST) it will impose a 100 per cent tariff on imports of Chinese electric vehicles and announced a 25 per cent tariff on imported steel and aluminum from China.
Prime Minister Justin Trudeau said his government was introducing the tariffs to counter what he called China’s intentional, state-directed policy of over-capacity. The move is the latest example of the US and its allies taking actions to counter what they say are unfair economic policies.
Reuters and AP
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