US Unveils New Tariffs on Chinese Imports, Raising Concerns of Deepening Trade Tensions
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#ac1676e0 ver:0.52
Canada is considering imposing tariffs on Chinese-made electric vehicles (EVs) following the US's decision to quadruple import tariffs on Chinese EVs. The Canadian Vehicle Manufacturers' Association warns that Chinese EV makers are looking to expand to North America. While Canada has not committed to matching the US tariffs, it wants to align its policy to avoid getting out of step. Canada has invested $30 billion in the EV industry and aims for 100% of new vehicle sales to be EVs by 2035. Chinese car brands accounted for 4% of the European EV market share in 2022 and are projected to reach 20% by 2027. #EVs #tariffs #trade...
#newstr #Us #China #Tariffs #TradeTensions #ElectricVehicles #CleanTechIndustry #FreeTrade
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