Canada imposes 100% tariffs on Chinese electric cars

by times news cr

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The Canadian government announced yesterday additional tariffs of 100% for electric vehicles imported from Chinaa measure similar to that adopted by USA to contain the arrival of North America of cars of that origin subsidized by Beijing.

Accusing China of “unfair competition”, the announcement follows a similar one made in May by USA already another of the European Union (EU) which imposed tariffs of up to 38% last July.

“China does not play by the same rules as other countries,” said the prime minister. Justin Trudeau at a press conference in Halifax (east). The 100% tariffs are added to the 6.1% already existing for this sector.

Ottawa will also impose additional tariffs on 25% on steel and aluminum imports from China starting October 15.

The Chinese embassy in Canada expressed his “strong dissatisfaction” with the decision from Beijing on Tuesday.

“It will harm trade and economic cooperation between China y Canada, “It has harmed the interests of Canadian consumers and businesses (and) will slow down Canada’s green transition process,” the statement added. embassy.

Faced with the “challenge” posed by Chinese producers “who benefit from unfair and anti-market policies and practices,” Canada is acting “in concert with other economies around the world,” Trudeau said.

The West accuses China of destroying competition in other sectors such as wind power, solar panels, and batteries for electric vehicles.

Canada’s decision on the vehicles includes electric cars, trucks, buses and delivery vans and some models hybrids.

“We must defend Canadian jobs and interests,” he insisted. Trudeau.
Canada has been seeking for years to attract major players in the electric mobility sector, through tax incentives, its clean energy policies and its significant reserves of rare minerals used to manufacture batteries for the automotive sector.

Chinese vehicle manufacturers put their foot on the accelerator and with alternatives that combine price and quality they managed to coconquer the Latin American market, surpassing the United States and Brazil.

In the last five years, China has quadrupled its sales to the region. If in 2019 it sold cars for 2,182 million dollars, in 2023 it reached 2,182 million dollars. 8 thousand 564 million, 20% of the total measured in money, to become the main supplier of Latin America, according to the International Trade Centre (ITC).

2024-08-31 21:43:33

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