Canada may follow the example of the EU and the U.S., and impose import tariffs on Chinese electric vehicles, Reuters has reported, citing finance minister Chrystia Freeland. “Chinese producers are quite intentionally generating a global oversupply that undermines EV producers around the world, including here in Canada,” Freeland said, adding the federal government would open a public consultation period of 30 days on the issue on July 2.
Under the new regime, Mercedes, Renault, and any other European carmakers with factories in China will, starting next month, pay an additional 21% import tariff, while Chinese carmakers will pay individually set tariffs of between 17% for BYD and 38%, the top rate, for SAIC, which the European Commission claimed had not cooperated with its investigation into Chinese EV subsidies. The U.S.