Canadian Prime Minister Justin Trudeau announced that the country will impose protective tariffs on electric vehicles coming from China. They will account for 100% of the cost, reports cbs.ca.
Chinese electric cars in Canada will be subject to additional tariffs starting Oct. 1. According to Trudeau, Canada will copy the U.S. initiative and impose protective tariffs. The tariff will apply to electric and some hybrid cars, trucks, buses and delivery vans.
Canada’s economy is heavily export-driven and heavily dependent on trade with the United States, so Ottawa is closely monitoring decisions by U.S. President Joseph Biden’s administration, which has repeatedly erected barriers to Chinese electric cars, batteries and other products. notes Bloomberg.
It was previously known that AvtoVAZ plans creating a separate sub-brand for expensive cars.
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Source: Gazeta
Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.