Reported 11 months ago
On June 21, 2024, the US, European countries, and allies targeted China's new energy vehicle subsidy policy by announcing new tariffs. Although Canada has a low market share, reports suggest they might follow suit in imposing tariffs on imported Chinese electric vehicles. Facing industry criticism, US Treasury Secretary Janet Yellen defended the tariff policy. In response to domestic and international pressures, Canadian Prime Minister Justin Trudeau is seeking alignment with the US and Europe to potentially impose tariffs on Chinese electric vehicles, which may impact China's exports to Canada.
Source: YAHOO