Trudeau also announces 25% tariff on imported steel and aluminum and says ‘China is not playing by the same rules’
Canada, following the lead of the United States, on Monday said it would impose a 100% tariff on the import of Chinese electric vehicles and also announced a 25% tariff on imported steel and aluminum from China.
The prime minister, Justin Trudeau, said Ottawa was acting to counter what he called China’s intentional, state-directed policy of over-capacity. But he did not specify whether tariffs would be softened or would be the same on Tesla, whose shares were down over 3% on Monday after the announcement.
About Author
More Stories
Russian gas shutdown forces closure of almost all industry in Transnistria
Ripe for the picking? Irish wine on the up – but ‘nobody will retire rich’
‘It’s buzzing here’: Detroit’s revival takes shape after decades of decay