Canada, following the lead of the United States, says it will impose a 100 percent tariff on Chinese electric vehicle (EV) imports and also announces a 25 percent tariff on imported steel and aluminum from China.
On Monday, Prime Minister Justin Trudeau said Ottawa was acting to counter what he called China’s intentional, state-directed policy of overcapacity. But he did not specify whether tariffs would be softened or would be the same on US-based Tesla, whose shares were down more than 3 percent on Monday after the announcement.
