Prime Minister Justin Trudeau and his trade and industry ministers say Canada is investigating the notion of hiking tariffs on imported electric vehicles from China following a massive tax hike by the Americans earlier this month. Leapmotor vehicles are parked outside a showroom in Hangzhou in eastern China's Zhejiang province on Tuesday, May 14, 2024. THE CANADIAN PRESS/AP-Caroline Chen
He isn't advocating for Canada to match the tariffs specifically, noting the risk of Chinese retaliation. But he said Canada can't get too out of step with the U.S.President Joe Biden moved May 14 to quadruple the U.S. import tariff on Chinese-made EVs to 100 per cent. He cited unfair subsidies from the Chinese government to Chinese EV makers.
Economic ties and supply chains formed a key part of that conversation according to Trudeau's staff. Canada and the U.S. have been aligning their EV industries in recent years, including critical minerals, batteries and EV manufacturing itself. Going forward, EVs are forming an ever-growing part of that sector, with Canada mandating one-fifth of all sales must be EVs by 2026, three-fifths by 2030 and 100 per cent by 2035,
A Chinese MG4 EV in Germany starts at about C$42,000, compared with a similar Volkswagen ID3 EV, which starts at almost C$60,000.
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