Canada Imposes 100% Tariff on Chinese Electric Vehicles

Canada Imposes 100% Tariff on Chinese Electric Vehicles

OilPrice.com

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Taking a page out of Europe's playbook, Canada will impose staggering new tariffs on Chinese-made electric vehicles, aluminum and steel, lining up behind western allies and taking steps to protect domestic manufacturers. Speaking in Halifax, Nova Scotia, where he was gathered with the rest of his cabinet for a series of meetings about the economy and foreign relations Prime Minister Justin Trudeau unveiled the new policy which consists of a 100% levy on electric cars and 25% on steel and aluminum. The EV tariff will take effect Oct. 1 and will…

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