Hey AmigoNews community! 🌎 Big news on the international trade front! China has expressed strong dissatisfaction with Canada's decision to impose hefty tariffs on Chinese-made electric vehicles (EVs). 🚫🔌
On Tuesday, China's Commerce Ministry voiced its opposition, urging Ottawa to rethink its move. They believe that Canada's actions could shake up the global supply chain and have a negative impact on the world economy. 🌐💔
A spokesperson from the ministry said, \"It will impact China-Canada economic and trade relations, harm the interests of enterprises of the two countries, affect the welfare of Canadian consumers, and undermine Canada's green transformation and global efforts to address climate change.\" 🌿🌍
So what's the deal? Canadian Prime Minister Justin Trudeau announced that starting October 1, import taxes on Chinese-made EVs will skyrocket from 6.1% to a whopping 106.1%! 😱 That's a huge jump! And that's not all—tariffs on Chinese-made steel and aluminum products will increase to 25% beginning October 15. 🏗️
This move is seen by China as a classic case of trade protectionism, and they aren't happy about it. The concern is that these tariffs might not only strain relations between the two countries but also make EVs more expensive for Canadian consumers. 🛑💵
What do you think about this trade tussle, amigos? Could this affect the global push for greener transportation? Let us know in the comments! 💬
Reference(s):
China expresses strong dissatisfaction with Canada's EV tariffs
cgtn.com
