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Canada's China EV tariff plan draws debate over best approach [BNN Bloomberg (Canada)]
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The European Union announced last week that it was increasing tariffs on EVs from China to as much as 48 per cent. That followed a move by the U.S. in May to boost its own such tariffs to as much as 102.5 per cent. As Canada makes final decisions on its plan, stakeholders are debating whether the country should adopt the more restrictive tariffs of its neighbour to the south or take a softer approach. That discussion is adding a new wrinkle to an effort that's aimed at preventing cheap Chinese EVs from undercutting the market, while still encouraging consumer adoption of cleaner vehicles. Flavio Volpe, president of the Automotive Parts Manufacturers' Association, said the industry would like to see Canada materially match the U.S. tariffs. “Four out of five cars made in Canada are sold in the U.S., so there's a reasonable expectation of North American partners that Canada reciprocates,” he said in an interview. Still, any new tariffs should be imposed “carefully, with considera
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