Reported 11 months ago
Canada is considering implementing new tariffs on Chinese electric vehicles (EVs) to align with the trade policies of the European Union and the United States. This decision comes after the Biden administration's recent move to increase tariffs on Chinese EV imports to 100%. The tariffs being discussed in Canada are around 48%, which is about half of the tariffs in the US. The aim is to prevent Chinese imports from significantly undercutting domestic models. However, there are debates about the impact on the adoption of green energy technology and the competitiveness of Chinese EVs even with tariffs.
Source: YAHOO