2024-08-27 17:55:08
Automotive
China
Politics
China Threatens Canada with Countermeasures over 100% Tariffs on Electric Vehicles
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Yahoo!
Economy
Politics
China accuses Canada of protectionism over 100% tariffs on electric vehicles, matching U.S. duties on Chinese-made EVs. Canada's tariffs aim to support its EV industry, angering China which warns of disrupted supply chains and damaged economic ties. Tesla's Shanghai factory exports EVs to Canada, while Chinese EV maker BYD plans to enter the Canadian market. China argues its solar, steel and aluminum production keeps prices low. Canada will launch a 30-day consultation on possible tariffs on C..
EuroNews
Canada to impose 100% tariff on electric vehicles made in China
Politics
Canada will impose a 100% tariff on electric vehicles manufactured in China and a 25% tariff on steel and aluminum, aligning with the United States and the EU to protect domestic manufacturers. The European Union plans to impose lower levies on Chinese imports, particularly on Tesla vehicles.
EURACTIV.com
Beijing’s tariff threats on EU dairy, gasoline vehicles unlikely to escalate trade tensions, analysts say
Politics
Economy
Environment
While EU's top diplomat warned of an 'inevitable' EU-China trade war, the China Chamber of Commerce expressed concern over 'uncontrollable escalation', and the influential European lobby group BusinessEurope expressed confidence that Beijing and Brussels will manage to address current trade problems without further escalation. Analysts say China has little incentive to escalate tensions, as the EU is its top export market and with rising US-China tensions, Beijing aims to pull Europe closer ec..
Frankfurter Rundschau
Tariffs on Electric Vehicles: China's Power Struggle with the West Enters the Next Round
Politics
Economy
Environment
China and the West are embroiled in a power struggle over tariffs on electric vehicles; Canada imposes 100% tariffs; China threatens countermeasures; the EU and USA are also planning tariffs on Chinese products such as steel and aluminum.
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