The Canadian government plans to introduce export tariffs on electric vehicles from China, following in the footsteps of the United States and the European Union, Bloomberg reported on June 21, citing sources.
According to the agency, the Canadian government could soon announce the start of public consultations on the introduction of tariffs on Chinese electric vehicles, following the example of the United States and the European Union amid pressure from Western countries.
The government has yet to make a final decision on how to proceed, but is likely to soon announce a public consultation on tariffs that would affect exports of Chinese electric vehicles to Canada.
Western democracies are increasingly concerned about China’s overproduction of key goods, seeing it as an attempt to dominate supply chains and undermine their own industries. Battery electric vehicles have become a major target as Chinese companies such as BYD Co. aggressively enter global markets.
According to Statistics Canada, the value of Chinese electric vehicles imported by Canada rose to 2.2 billion Canadian dollars (1.6 billion dollars) last year from less than 100 million Canadian dollars (6.25 billion rubles) in 2022. The number of Cars arriving from China at the port of Vancouver have more than quintupled since Tesla Inc. began shipping Model Y cars there from its Shanghai plant.
However, the Canadian government’s main concern is not Tesla, but the prospect of cheap cars from Chinese manufacturers eventually flooding the market.
Source: Rossa Primavera
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