Canada to slap 100% tariff on Chinese electric vehicles

Canada to slap 100% tariff on Chinese electric vehicles

On August 26, 2024, 9:40 PM Prime Minister Justin Trudeau on Monday announced a 100% tariff on imports of Chinese-made electric vehicles, joining the United States and European Union in imposing higher duties. The decision was taken in response to what Ottawa identified as an effort by Chinese companies to generate a global oversupply. What the Canadian PM said “Actors like China have chosen to give themselves an unfair advantage in the global marketplace,” Trudeau said at a cabinet meet...
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Elon Musk says he doesn’t want 100% tariff on China-made electric vehicles

Elon Musk says he doesn’t want 100% tariff on China-made electric vehicles

Tesla supremo Elon Musk is criticizing the import tax that the Biden administration has levied against Chinese electric vehicles, saying Tesla doesn’t need them. The CEO voiced his opinion about the new 100 percent tariff on China-made EVs at the Viva Tech conference in Paris, according to the Telegraph, which quoted him as saying: “Neither Tesla nor I asked for these tariffs, I was surprised when they were announced.” He reportedly added: “Things that inhibit freedom of...
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