Canada Finance Minister Chrystia Freeland implies broader trade actions against China, including electric vehicle tariffs, in response to China's increased tariffs on Canadian vehicles.
Canada Finance Minister Chrystia Freeland hinted at broader trade actions against China, possibly including tariffs on electric vehicles, as a response to China's increased tariffs on Canadian imported vehicles. Canada is considering aligning with Group of Seven allies on this matter amidst growing trade tensions between China and the US-led Western economies. The country is also under domestic pressure to protect local jobs and wages in the automotive industry, which argue that Chinese electric vehicles are cheaper due to weaker labor standards.
July 13, 2024
4 Articles