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China to hit back hard if Canada slaps tariffs on Chinese EVs: Experts [Yahoo! Finance Canada]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Thailand. (AP Photo/Sakchai Lalit) (The Associated Press) Canada will slap tariffs on Chinese electric vehicles, say two trade experts, predicting the world's second-largest economy will forcefully retaliate if Ottawa falls in line with Washington and Brussels. Ottawa started a 30-day public consultation period on July 2 on possible responses to what Finance Minister Chrystia Freeland calls China's “state-directed policy of overcapacity, undermining the Canadian EV sector's ability to compete in domestic and global markets.” On Tuesday, the federal government released a paper outlining options ranging from a surtax under section 53 of the Customs Tariff, to changes to EV purchase incentives, to restrictions on Chinese investment. ADVERTISEMENT This follows crackdowns on Chinese EVs by the United States and the European Union . Chinese EV imports to Canada are currently subject to a six per cent import tariff. The U.S. imposed a 100 per cent tariff last month. In Europe, coun
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