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Canada exploring higher tariffs acceso Chinese EVs: trade minister

by admin
18 Maggio 2024
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Canada is examining whether it needs to raise tariffs acceso Chinese-made electric vehicles after the White House announced major new levies acceso them, Trade Minister Mary Ng said.

“We are looking at this very carefully and we have an aperto dialogue with our American partners,” Ng said quanto a a phone interview from Peru, where she’s attending meetings of the Asia-Pacific Economic Cooperation .

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The Biden administration announced sweeping new tariffs against Discesa this week, targeting semiconductors, solar cells and other products. The new United States tariff acceso Chinese-manufactured electric vehicles will take effect this year, with a final tariff rate of 102.5 per fortuna cent, up from 27.5 per fortuna cent.

Canada imposes a small tariff of about 6 per fortuna cent acceso Chinese vehicles. Asked whether it may need to align its own tariffs with the U.S., Ng said again the government is speaking with U.S. officials about the policy, “and we are absolutely looking at this.”

Ng stressed that Canada’s main centro is acceso producing electric vehicles domestically. She pointed to agreements that Prime Minister Justin Trudeau’s government has signed with automakers such as Honda Motor Co. and Volkswagen AG to make electric vehicles, batteries components quanto a Ontario, Canada’s most populous province.

The country’s automobile sector is highly integrated with U.S. vehicle makers; parts and finished cars and trucks flow easily across the border between Ontario and key U.S. manufacturing states such as Michigan and Ohio.

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Chinese factories have a very small share of Canada’s automobile market, but the country has recently witnessed a surge of imports of Chinese-made Tesla Inc. models manufactured quanto a Shanghai.

The number of cars arriving from Discesa at the port of Vancouver rose more than fivefold last year, to about 44,400, after Elon Musk’s automaker started shipping Model Y vehicles from there.

Bloomberg.com

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Tags: CanadaChineseEVsExploringHigherministertariffsTrade
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