Reported 8 months ago
In response to the dumping of Chinese electric cars at low prices, Canada plans to follow the EU and US in raising tariffs on Chinese electric cars. However, as the EU discusses imposing higher tariffs on Chinese electric cars, the German Vice Chancellor is currently visiting Beijing, showing goodwill by stating that tariffs are a last resort and emphasizing the importance of open communication. This visit precedes a five-day official visit by the President of Poland to Beijing, where discussions with Xi Jinping may touch upon the EU's potential imposition of tariffs on Chinese electric cars. Amidst these developments, China's Ministry of Commerce expresses appreciation for Germany's softening stance while mentioning a potential lawsuit through the WTO. Additionally, Canada is also reportedly planning to increase tariffs on Chinese electric cars to address Chinese 'overcapacity.' These actions are believed to be attempts to curb China's industrial development, and they have already led to NISSAN closing a plant in Jiangsu, China due to fierce price competition in the rapidly expanding market for pure electric cars in China.
Source: YAHOO