Canada Set to Impose Tariffs on Chinese Electric Cars, Aluminum, and Steel

Canada is planning to introduce significant tariffs on imports from China, including a 100% duty on electric vehicles and a 25% duty on Chinese-made aluminum and steel, according to sources familiar with the matter. This move aligns Canada with similar actions taken recently by the European Union and the United States.

The decision follows recent developments in Europe, where the European Commission has proposed duties on Chinese electric cars ranging from 17% to 36.3%, depending on the manufacturer, with the final decision expected by November 2024. These measures are part of broader efforts by Western nations to protect their domestic industries from what they consider unfair trade practices by China.

The proposed Canadian tariffs aim to address concerns over the influx of Chinese products into the North American market, particularly in the automotive and metals sectors, where domestic producers face stiff competition from low-cost Chinese imports.

As the Canadian government finalizes its plans, these new tariffs could have significant implications for trade relations between Canada and China, as well as for the global electric vehicle and metals markets.