Canada: 100% Duties on Chinese Electric Cars. Beijing: “A Mistake that Needs to be Corrected.”
Ottawa, following the example of the USA and EU, is trying to protect the market. Chinese Ministry: “The bilateral relationship is broken”
On August 26, Canadian Prime Minister Justin Trudeau announced the preparation of 100% tariffs on Chinese electric car imports into Canada. A move that would unite the North American country with the United States and the European Union (though in the latter case with much lower duties) in the fight against electric cars made in China. Also in Trudeau’s crosshairs are Chinese aluminum and steel, for which 25 percent taxes are being prepared. “We all know China doesn’t play by the same rules,” Trudeau explained. “What is important is that we do this in line and in parallel with other economies around the world.”
Beijing’s reaction was clearly not long in coming, with the Chinese embassy in Canada explaining why the news caused “strong resentment.” The move would “harm China-Canada trade and economic cooperation, the interests of Canadian consumers and businesses, and slow down Canada’s transition to green economy.” Hence the call to “correct your wrong actions immediately.”
China’s Ministry of Commerce emphasizes that the move will “disrupt the stability of global industrial and supply chains, as well as seriously undermine the economic system and rules of global trade.” Bilateral relationships will also be ruined.
