The Canadian government appears set to push back against the explosive growth in Chinese electric vehicle imports by joining its allies in a tariff battle that risks triggering retaliation from Beijing.Ontario Premier Doug Ford and Prime Minister Justin Trudeau look over an assembly line at an event announcing plans for a Honda electric vehicle battery plant in Alliston, Ont. on Thursday, April 25, 2024.
So does that mean a Canadian decision to impose tariffs and remain in lockstep with its top ally and trading partner is imminent? Federal Minister of Innovation, Science and Industry François-Philippe Champagne tells Power & Politics that Canada and the U.S. are ‘very aligned when it comes to protecting our key supply chain’ and jobs in North America. U.S. President Joe Biden announced earlier this week he would be hiking tariffs on Chinese imports, including electric vehicles.
But if low-emitting Chinese brands get too much of a foothold in North America, that would undermine the effect of billions of dollars in taxpayer-funded investment tax credits and production subsidies federal and provincial governments ponied up to bid for new manufacturing plants in Canada.
"Isolation and illegal customs barriers — that ultimately just makes everything more expensive, and everyone poorer," German Chancellor Olaf Scholz warned in a recent statement. "We do not close our markets to foreign companies, because we do not want that for our companies either."
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Fonte: GlobalCalgary - 🏆 50. / 61 Leggi di più »
Fonte: GlobalCalgary - 🏆 50. / 61 Leggi di più »