Canada Announces Tarriffs Against Chinese Steel and EVs

On August 26, 2024, the Department of Finance Canada announced measures to address what they have termed unfair trade practices by China. The measures include a 100% surtax on Chinese-made electric vehicles (EVs) starting October 1, 2024, and a 25% surtax on imports of steel and aluminum products from China effective October 15, 2024. The government will also limit eligibility for certain zero-emission vehicle incentives to products made in countries with free trade agreements with Canada. A 30-day consultation will be launched to consider measures for other critical sectors, including batteries, semiconductors, solar products, and critical minerals. These actions will be reviewed within a year and may be extended or supplemented as needed.