this post was submitted on 26 Aug 2024
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Canada’s government on Monday announced it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission.

The announcement followed encouragement by U.S. national security advisor Jake Sullivan during a meeting with Canadian Prime Minister Justin Trudeau and cabinet ministers on Sunday. Sullivan is set to make his first visit to Beijing on Tuesday.

Trudeau said Canada also will impose a 25% tariff on Chinese steel and aluminum.

“Actors like China have chosen to give themselves an unfair advantage in the global marketplace,” he said.

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[–] Sundial@lemm.ee 13 points 2 months ago (15 children)

That'll help prices remain competitive....Right?

[–] Greg@lemmy.ca 18 points 2 months ago (14 children)

It will help keep prices competitive in the long term. Chinese EV makers aren't competing in a free market as they are heavily subsidized by the government. It's no different from what Silicon Valley VCs do, pump loads of capital into a new industry so that it's difficult for any competitors to emerge. Once a company has a monopoly on a market innovation suffers, products stagnate or actively get worse, prices increase with a lack of competition, and the consumer suffers. In the case of EVs, there is the added issue of manufacturing capacity which is important for security. While I would love a cheap new EV now, I would prefer for my children to have sustainable cheap EVs in the future.

[–] FireRetardant@lemmy.world 4 points 2 months ago (2 children)

So what is stopping canada from subsidizing our own cheap EVs?

Oil companies and the ICE manufacturers that rely on them.

Changing production lines to EVs is expensive, and they want profits now. Not later. Line must go UP

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