BYD: Canada Joins Allies to Tackle Unfair Trade Practices

BYD: Canada Takes Action Against Chinese Electric Vehicles

In a bold move, Prime Minister Justin Trudeau has announced the implementation of 100 percent tariffs on imports of Chinese electric vehicles (EVs) and 25 percent levies on Chinese steel and aluminium. This decision aligns Canada with the US and its allies in a collective effort to combat what they deem as unfair economic practices emanating from China.

Key Details on Tariffs

• The EV tariffs will impact various vehicles, including passenger cars, trucks, and delivery vans, effective from October 1.
• Steel and aluminium tariffs will be effective in mid-October.
• A 30-day consultation will be held to assess potential further actions on sectors like batteries and semiconductors.

According to Trudeau, China’s state-directed policies created an unlevel playing field, prompting the Canadian government to take decisive action. The aim is to protect local jobs and industries from an oversaturation of Chinese products.

Global Context and Response

This tariff move not only mirrors US actions but also highlights a growing concern among Western nations regarding China’s ambition in global markets. The EU is similarly considering tariffs on Chinese EVs, identifying potential rates between 9 to 36.3 percent.

The Canadian government stated that China’s practices threaten both workers and businesses in the EV sector, as well as Canada’s long-term economic stability.