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The Liberals will be forced to act on EV tariffs, even if it slows down their climate goals [Globe and Mail, The (Toronto, Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Doug Ford's call last week for Ottawa to immediately match or exceed new U.S. import taxes on “artificially cheap electric vehicles” from China was inevitable, as is the fact the federal government will have to heed the Ontario Premier's advice. This will happen despite the considerable downsides. New tariffs on Chinese EV imports could impede the federal Liberals' climate-focused plans for 100-per-cent, zero-emission vehicle sales by 2035, and – keenly for all of Canada – open a precipitous new front in trade-wrangling with China. But at stake are consequential items, like the more than $50-billion of federal and provincial funds poured into building a supply chain, and the dream of turning central Canada into an electric-vehicle-industry middle power. And yes, Canada's relationship with its still-largest trading partner. Chinese automakers lead global production of EVs and now churn out more than half the world's supply. In May, U.S. President Joe Biden – eager to protect and
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