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Canada to Introduce Tariffs on Chinese EVs and Batteries in Response to U.S. and Europe
Finance Minister Chrystia Freeland is set to announce a plan to safeguard Canada’s electric vehicle (EV) supply chain from unfair Chinese competition. This move follows similar actions by the United States and Europe, which have raised import tariffs on Chinese-made EVs.
The Canadian International Trade Tribunal will complete an anti-subsidy investigation before new tariffs can be imposed. Currently, Canada only imports Chinese-made Teslas produced at the U.S. tech giant’s Shanghai factory. However, China plays a significant role in supplying batteries and battery components for EVs globally. In 2021, nearly 80% of all lithium-ion batteries for electric vehicles came from China, and approximately 60% of global EV sales are now Chinese-made.
The proposed tariffs aim to balance protectionism with emissions reduction efforts, echoing the recent tariff hikes by the U.S. and Europe.
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