Reported 4 months ago
Auto manufacturers, steel producers, and union officials in Canada are urging lawmakers to increase tariffs on Chinese goods to align with recent tariff hikes by the US on Chinese imports. The industry groups warn that failing to match the US tariffs could make Canada appear weak on China, especially as the North American free trade pact review approaches in 2026. The push for increased tariffs comes amid concerns of overproduction and dumping of Chinese electric vehicles and steel into the Canadian market, posing challenges to Canada's growing electric vehicle industry and steel sector.
Source: YAHOO