Trudeau Announces Canada's 100% EV Tariff On China For 'Not Playing By The Same Rules': EV Stocks Drop To COVID-19 Lows

Quick Summary:

These moves align Canada with similar actions taken by the United States and the European Union, following a 30-day public consultation on Chinese EVs and related products.“We all know that China is not playing by the same rules,” Trudeau said.

On Monday, Reuters reported that Canadian Prime Minister Justin Trudeau announced that Canada would impose a 100% tariff on Chinese electric vehicle imports.

EV Sector Slumps As Demand Falters, Competition Grows

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesCanadaChina

Topics: Benzinga US3453708600 Top Stories US37045V1008 Electric vehicles STLA GM Tech Pro Project Econ #s US88160R1014 EVs Stories That Matter Sector ETFs Mobility F ETFs Consumer Tech KARS LI Economics TSLA XPEV Macro Economic Events Large Cap NIO

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 16:33:31 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 22263565

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