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Breaking news! The country announced to impose additional tariffs on China! Up to 100%

Lian Sunny Worldwide Logistics 2024-08-29 15:48:32

This year the U.S. government5After announcing high tariffs on Chinese electric vehicles and steel last month, the Canadian government has now followed suit. local time8moon26Canadian Prime Minister Trudeau(Justin Trudeau)Announced that Canada will impose levies on electric vehicles imported from China100%tariffs on steel and aluminum imports from China25%tariffs on China, and these tariff rates on China are comparable to those in the United States.

The Canadian Department of Finance said that new tariff policies applicable to Chinese electric vehicles, including passenger cars, trucks, buses and vans, will be10moon1The tariffs on steel and aluminum will take effect two weeks later.

In addition, Canada will also launch a period of possible tariffs on Chinese baTTeries, battery parts, semiconductors, critical minerals, metals and solar panels.30days of consultation.

It is understood that automobile manufacturing is one of the most important manufacturing industries in Canada, with factories clustered in the Great Lakes region to provide services to American consumers. According to the Canadian government, the industry directly employs nearly 120,000people. Ottawa has also followed the U.S. approach in offering subsidies aimed at stimulating demand for domestically produced electric vehicles. .

The spokesperson of the Ministry of Commerce responded to Canada’s proposed restrictive measures on Chinese electric vehicles and other products.:

"8moon26On the same day, Canada issued an announcement stating that it would impose additional tariffs and other restrictive measures on electric vehicles, steel and aluminum products imported from China. Canada ignored facts and WTO rules, ignored China's multiple solemn representations, ignored opposition and dissuasion from many parties, and went its own way. China is strongly dissatisfied and firmly opposed to this.TT

"China has repeatedly emphasized that the development of China's electric vehicles and other industries is based on its own comparative advantages and is the result of open competition. Chinese electric vehicles are welcomed by users around the world, including Canadian consumers, and have also made great contributions to the global response to climate change and green transformation.

"Canada claims to support free trade and the multilateral trading system based on WTO rules, but it blatantly violates WTO rules, blindly follows individual countries, and announces that it will adopt unilateral tariff increases. This is typical trade protectionism. Canada's move will disrupt the stability of the global industrial and supply chains, seriously undermine the global economic system and economic and trade rules, severely impact China-Canada economic and trade relations, harm the interests of enterprises in both countries, affect the welfare of Canadian consumers, and undermine Canada's green transformation and global response to climate change. effort."

"China urges Canada to immediately correct its wrong practices. China will take all necessary measures to resolutely defend the legitimate rights and interests of Chinese enterprises.

Prior to this, the European Commission8moon20Japan has disclosed to relevant parties a draft decision to impose final countervailing duties on pure electric vehicles imported from China, making slight adjustments to the proposed tax rate.

According to Reuters8moon26According to Japanese reports, the U.S. government is expected to announce this week its final implementation plan for increasing tariffs on previously imported Chinese products. However, amid opposition from many related industries and some U.S. lawmakers, the U.S. government may adjust the scope of the tariff increase.