2024-10-18 22:31:00
(Ottawa) The federal government announced that businesses can now apply for a rebate on recently announced tariffs on electric vehicles and Chinese steel and aluminum products.
Ottawa said the relief is intended to offset difficulties Canadian industries may face as they adjust their supply chains.
Prime Minister Justin Trudeau announced on August 26 that Canada would impose a 100% tariff on Chinese electric vehicles and a 25% tariff on steel and aluminum.
The tariff on Chinese electric vehicles came into effect on 1is October, while tariffs on steel and aluminum are expected to take effect on October 22.
The federal government said it would consider applications in cases where businesses are dependent on the imported product and cannot obtain it elsewhere or where they face contractual obligations entered into before the tariffs were announced, as well as in other exceptional circumstances.
Finance Minister Chrystia Freeland has accused China of unfair trade practices as well as “appalling” environmental and labor standards that she says allow it to unfairly price and sell products to the market. which has a huge cost for the environment and workers.
The rates were announced following a month-long consultation process, as required by Canadian law.
The Liberal government’s decision follows similar tariffs announced by the United States in the spring, although they have not yet taken effect. Canada has been under enormous pressure to match U.S. tariffs, pushed by industry groups including automakers and steel and aluminum plants.
China filed a complaint against Canada with the World Trade Organization last month over tariffs and announced an anti-dumping investigation into Canadian canola imports, vowing to defend the “legitimate rights and interests of companies Chinese”.
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