China responds to Canada’s EV tariffs with rapeseed probe

Quick Summary:

Canada in August announced a 100% levy on electric cars and 25% on steel and aluminium.

Canadian Agriculture Minister Lawrence MacAulay in a statement on Sept 3 said the announcement was “deeply concerning.“I am working with my colleagues across government and in the sector to monitor developments closely,” Mr MacAulay said.“We will continue to defend and support the sector every step of the way.

Canada in August announced a 100 per cent levy on electric cars and 25 per cent on steel and aluminium, joining western allies to protect domestic manufacturers.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaCanadaChinaJapanMacauMalaysia

Topics: Imports Asian Trade Canola Nation China Cent Futures Rapeseed Shipments Canada

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 08:35:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 22361087

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Official Website: straitstimes.com

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