Bloomberg on Nostr: Canada’s China EV Tariff Plan Draws Debate Over Best Approach ========== Canada is ...
Canada’s China EV Tariff Plan Draws Debate Over Best Approach
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Canada is considering imposing tariffs on Chinese-made electric vehicles (EVs) to protect its domestic industry. The European Union recently increased tariffs on Chinese EVs to as much as 48%, while the US raised its tariffs to as much as 102.5% in May. Stakeholders in Canada are divided over whether the country should adopt the more restrictive US tariffs or take a softer approach. The Automotive Parts Manufacturers’ Association and Ontario Premier Doug Ford are in favor of matching the US tariffs, while some environmental groups are concerned that higher prices will hinder consumer adoption of EVs. The government is expected to hold consultations before making a final decision.
#Canada #China #ElectricVehicles #Tariffs #AutomotiveIndustry
https://www.bloomberg.com/news/articles/2024-06-21/canada-s-china-ev-tariff-plan-draws-debate-over-best-approach
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Canada is considering imposing tariffs on Chinese-made electric vehicles (EVs) to protect its domestic industry. The European Union recently increased tariffs on Chinese EVs to as much as 48%, while the US raised its tariffs to as much as 102.5% in May. Stakeholders in Canada are divided over whether the country should adopt the more restrictive US tariffs or take a softer approach. The Automotive Parts Manufacturers’ Association and Ontario Premier Doug Ford are in favor of matching the US tariffs, while some environmental groups are concerned that higher prices will hinder consumer adoption of EVs. The government is expected to hold consultations before making a final decision.
#Canada #China #ElectricVehicles #Tariffs #AutomotiveIndustry
https://www.bloomberg.com/news/articles/2024-06-21/canada-s-china-ev-tariff-plan-draws-debate-over-best-approach