(AmericanProsperity.com) – Canada has said that it will impose a one hundred percent tariff on China-made electric vehicles. This is a follow up to the United States and European Union imposing insane taxes over concerns about unfair subsidies.
Canada currently imposes a six percent tariff on Chinese EVs that are imported to Canada, but the tariff will now rise to one hundred percent starting in October; China-made steel and aluminum imported into the country also sees a twenty five percent tariff.
Canada’s government has said that their steel and aluminum industries face “unfair competition” and trade practices from China and that these new tariffs would “level the playing field for Canadian workers.”
The Biden Administration in the United States just announced a one hundred percent tariff on Chinese electric vehicles as well. The United States has said that having Chinese-made electric vehicles could pose a competition risk as well as a security risk.
The U.S. states that the electric vehicles from China could contain software that could collect personal data from individuals and map out America’s infrastructure. They also said that the U.S. electric vehicle industry would face unfair competition from the import of Chinese EVs, which can be sold at a much cheaper price.
The spokesperson of the Chinese Embassy in Canada said that China expresses “strong dissatisfaction and resolute opposition” to the move. They also claimed that it “violates “WTO rules.”
“I would like to emphasize that the rapid development of China’s EV industry is a result of persistent technological innovation, well-established industrial and supply chains, and full market competition.” added the Chinese Embassy spokesperson.
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