The "tariff bomb" of the United States on Chinese made electric vehicles has a great subsequent impact. It is reported that after the United States, the Canadian government is also considering significantly increasing tariffs on Chinese electric vehicles.
According to Bloomberg News on the 17th (local time), Canadian Trade Minister Marion, who is attending the Asia Pacific Economic Cooperation (APEC) forum in Peru, said in a telephone interview with Bloomberg News: "We are studying this issue very carefully and have an open dialogue with our American partners."
Previously, the US government raised tariffs on Chinese made electric vehicles by four times from the current 25% to 100%, significantly increasing tariffs on Chinese made imports.
The White House said that on the 14th (local time), President Joe Biden issued an instruction to the USTR to raise tariffs in accordance with Article 301 of the Trade Law.
The target of tariff increase is US $18 billion of imported goods produced by China.
The US government first decided to raise the tariff on Chinese electric vehicles to 100% this year.
The White House also said that it would impose tariffs on 7.5% → 25% (within the year) of lithium-ion electric vehicle batteries, 7.5% → 25% (in 2026) of lithium-ion non electric vehicle batteries, and 7.5% → 25% (within the year) of battery parts.
In addition, among the core minerals, the tariff of natural graphite and permanent magnets will rise from 0% at present to 25% in 2026.
In addition, the tariff rate of other core minerals will be significantly increased to 25% from 0% this year.
The US government also decided to raise the tariff on certain steel and aluminum products from the current 0-7.5% to 25% within the year.
The US government will also raise the tariff on Chinese semiconductors from the current 25% to 50% by 2025.
The White House said that the tariff on solar cells will be raised from 25% to 50% this year, regardless of whether the solar cell modules are assembled.
Canada's tariff on Chinese made vehicles is about 6%.
When asked whether it is necessary to adjust Canada's tariffs according to the United States, Minister Ying reiterated that the Canadian government is in dialogue with American officials on this issue, and "we are definitely studying this issue".
The Canadian automobile industry is closely linked to American automobile manufacturers. Complete vehicles, parts and trucks cross the border to and from Ontario, Canada, and Michigan and Ohio, the automobile production base of the United States.
The share of Chinese enterprises in the Canadian automobile market is low. However, recently, the import of Tesla models manufactured in Shanghai, China, showed a sharp increase.
The import volume of Tesla's Model Y increased more than five times last year, reaching about 44000 vehicles.
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