Reported 8 months ago
Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland announced on June 24, 2024, that starting on July 2, a 30-day negotiation period will commence regarding trade reviews for Chinese electric cars. This move may result in increased import tariffs on Chinese electric cars entering Canada. The decision was made in response to concerns that China's oversupply of electric cars could weaken Canada's domestic industry and global competitiveness, with the aim of protecting national interests. No specific trade measures against China have been announced yet, with all options being considered post-negotiations.
Source: YAHOO