Canada Considers Imposing Tariffs on Chinese EVs Following US Move
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#ac1676e0 ver:0.49
Canada is considering imposing tariffs on Chinese EVs in response to the US quadrupling import tariffs. Chinese brands have seen increased imports to Canada, and the Canadian Vehicle Manufacturers' Association warns of Chinese EV makers expanding to North America. While Canada hasn't committed to matching US tariffs, aligning policies is important. Canada has invested $30 billion in the EV industry and aims for 100% EV sales by 2035. Chinese car brands accounted for 4% of the European EV market share in 2022 and are projected to reach 20% by 2027. Canada wants to be prepared for a surge in Chinese EVs and have the option to increase tariffs if necessary. #EVs #tariffs #Canada #China...
#newstr #Canada #China #Evs #Tariffs #Trade
https://here.news/story/ac1676e0?ver=0.49