CANADA has entered a 30-day consultation period to weigh the imposition of a tariff on batteries, battery parts, semiconductors, critical minerals and metals and solar products from China, reports Caixin.
The move follows a decision last month to increase tariffs on Chinese-made electric vehicles from 6.1 per cent to 106.1 per cent, a measure due to take effect on October 1.
Canada's Finance Ministry cited unfair competition from Chinese companies that benefit from a government-led policy of overcapacity and lower labour and environmental standards as the reason for the action.
Such unfair competition poses a threat to Canadian companies and workers and undermines Canada's long-term economic prosperity, it said.
The proposed surtax is part of Canada's broader effort to protect its domestic industries from the economic impact of Chinese competition, the Finance Ministry added. The specific rates for the new taxes have not been disclosed.
SeaNews Turkey
The move follows a decision last month to increase tariffs on Chinese-made electric vehicles from 6.1 per cent to 106.1 per cent, a measure due to take effect on October 1.
Canada's Finance Ministry cited unfair competition from Chinese companies that benefit from a government-led policy of overcapacity and lower labour and environmental standards as the reason for the action.
Such unfair competition poses a threat to Canadian companies and workers and undermines Canada's long-term economic prosperity, it said.
The proposed surtax is part of Canada's broader effort to protect its domestic industries from the economic impact of Chinese competition, the Finance Ministry added. The specific rates for the new taxes have not been disclosed.
SeaNews Turkey
