Canada to Remove Tariffs on Chinese Electric Cars
Canada is rumored to remove tariffs on Chinese electric cars soon, as Prime Minister meets with Chinese President Xi Jinping.
Last year, Canada imposed 100% tariffs on electric vehicles from China, following the US. However, this move mainly helped the US auto industry.
- Canada imposed 100% tariffs on Chinese EVs in response to US actions.
- The move primarily benefited the US auto industry.
- US government turned hostile on trade with Canada.
With little progress in US-Canada trade negotiations, expectations of reversing tariffs on Chinese EVs have grown.
Rumors have been increasing lately amid new developments.
Author's summary: Canada may remove tariffs on Chinese electric cars soon.