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Aug 27, 2024 03:55 AM
WORLD

Canada to Hit China With Tariffs on Electric Vehicles, Steel

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(Bloomberg) –Canada will impose new tariffs on Chinese-made electric vehicles, aluminum and steel, lining up behind western allies and taking steps to protect domestic manufacturers.

The government announced a 100% levy on electric cars and 25% on steel and aluminum, confirming an earlier report from Bloomberg News. Prime Minister Justin Trudeau unveiled the policy Monday in Halifax, Nova Scotia, where he’s gathered with the rest of his cabinet for a series of meetings about the economy and foreign relations.

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