Canada govt to consider blocking factories in pushback on Chinese EVs

Quick Summary:

The paper was released as part of the formal consultations Canada must conduct before imposing tariffs.

The European Union also plans to increase tariffs, taking those levies as high as 48 per cent on some vehicles.

Those consultations, announced by Finance Minister Chrystia Freeland last week, will seek feedback from stakeholders including labor unions and automotive industry groups, and will run until Aug.1.

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Article Details

Category: BusinessFinance

Markets: IndiaCanadaChina

Topics: EVs Justin Trudeau Chinese electric vehicles Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 07:52:51 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21466905

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Official Website: business-standard.com

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