Home News China Threatens Canada With Countermeasure Over 100 per cent e-car Tariffs
News

China Threatens Canada With Countermeasure Over 100 per cent e-car Tariffs

Share
Share

Source Agency—-China has threatened Canada with countermeasures after Ottawa announced on Monday that it will levy a 100 per cent tariff on imports of electric cars from China starting on October 1.

“China will take all necessary measures to safeguard the legitimate rights and interests of Chinese enterprises,“  the Chinese embassy in Canada said in a statement released on Monday evening.

Beijing accused Ottawa of violating the World Trade Organization’s (WTO) rules and said “this move is typical trade protectionism and (a) politically-motivated decision.“

It said the Canadian government is acting against its own citizens’ interests and the interests of tackling climate change.

The Canadian move mirrors that of the U.S. government, which imposed additional tariffs of 100 per cent on electric cars from China in May.

The European Commission followed suit in June with its own plans, which provide for different tariffs depending on the Chinese manufacturer.

There is concern in the United States, Canada and Europe that cheap Chinese electric vehicles will flood their markets and drive local manufacturers and suppliers out of business.

They have argued that Chinese firms benefit from a government-imposed policy of overcapacity and laxer standards for the protection of workers and the environment.

It is virtually impossible to buy Chinese electric vehicles in the United States and Canada.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

50% Telecom’s Tariff Hike Unjustifiable- NLC

BY NKECHI NAECHE – ESEZOBOR—The Nigeria Labour Congress (NLC) on Wednesday condemned...

Court Orders Final Forfeiture Of Property In Lagos

Justice A.O. Owoeye of the Federal High Court sitting in Ikoyi, on...

Tinubu Pledges Peace, Justice, Development In Ogoniland

President Bola Ahmed Tinubu assured Ogoni leaders on Tuesday in Abuja that...

Governor Adeleke Congratulates Princess Zahrah Mustapha Audu On Her Appointment As Director General PEBEC

Governor Ademola Adeleke on Tuesday congratulated the newly appointed Director General of...