World News

Trudeau Unveils Fresh Tariffs on Electric Vehicles and Steel Imported from China




Prime Minister Justin Trudeau has announced his government will be implementing tariffs on imports of Chinese electric vehicles (EV), steel, and aluminum.

Ottawa will put a 100 percent tariff on Chinese-made EVs and a 25 percent tariff on steel and aluminum.

Trudeau made the announcement during a cabinet retreat in Halifax on Aug. 26, saying the new measures aim to address China’s “unfair advantage” in the sectors.

“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 autos and metal workers,” he said. “So we’re taking action to address that.”

More to come…



Source link

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.