Canadian Prime Minister Justin Trudeau approved a 100 % import tax on Chinese electric vehicles. He argued that the Asian country does not respect the rules of other countries.

Trudeau also approved another 25 % tax on steel and aluminum from China. “The objective is to counteract Chinese industrial policies, a country that subsidizes its companies to the detriment of its Western competitors.”

He added that China insists on maintaining an advantage in the global market over the rest of the economies, “jeopardizing the security of our critical industrial sectors.”

The taxes approved by Canada are similar to those imposed by the United States. They will come into effect on October 1 and will apply to cars, trucks, buses and delivery vans, including some hybrid models.

The measure seeks to grant the Canadian sector the same opportunities in the automotive market that benefit China, which maintains an unfair position with respect to its competitors not only in North America, but in Europe.

Given the measure of the Canadian government, the spokesperson for the Chinese Foreign Ministry Lin Jian indicated in a press conference this Tuesday, August 27, that it ignores the rules of the World Trade Organization (WTO).

He clarified that the Chinese electric car industry is based on technological innovation and market competition for its development, adding that the Asian country will take necessary measures to protect the rights and interests of Chinese companies.

M.Pino

Source: DW

(Reference image source: Unsplash+, in collaboration with Resource Database)

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La entrada Chinese electric vehicles will pay a 100 % tariff in Canada apareció primero en Bitfinance.