TSXV:CRE - Post Discussion
Post by
Wasisname on Aug 26, 2024 1:19pm
Canada imposes 100% surtax on Chinese made EVs
Excerpt from CBC article:
Amid industry pressure to copy the U.S. program, Trudeau said a 100 per cent surtax will be levied on all Chinese-made EVs, effective Oct. 1. "Actors like China have chosen to give themselves an unfair advantage in the global marketplace, compromising the security of our critical industries and displacing dedicated Canadian auto and metal workers. So, we're taking action to address that," Trudeau said. "The reality is China has an intentional state-directed policy of overcapacity and oversupply designed to crippled our own industries," Freeland said." And we will simply not allow that to happen," she said. "We will do what the national interest, what Canadian workers require."
Link to CBC article:
https://www.cbc.ca/news/politics/trudeau-halifax-tariffs-china-evs-1.7304773
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