this post was submitted on 26 Aug 2024
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Canada’s government on Monday announced it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission.

The announcement followed encouragement by U.S. national security advisor Jake Sullivan during a meeting with Canadian Prime Minister Justin Trudeau and cabinet ministers on Sunday. Sullivan is set to make his first visit to Beijing on Tuesday.

Trudeau said Canada also will impose a 25% tariff on Chinese steel and aluminum.

“Actors like China have chosen to give themselves an unfair advantage in the global marketplace,” he said.

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[–] Sundial@lemm.ee 13 points 1 month ago (15 children)

That'll help prices remain competitive....Right?

[–] Greg@lemmy.ca 18 points 1 month ago (14 children)

It will help keep prices competitive in the long term. Chinese EV makers aren't competing in a free market as they are heavily subsidized by the government. It's no different from what Silicon Valley VCs do, pump loads of capital into a new industry so that it's difficult for any competitors to emerge. Once a company has a monopoly on a market innovation suffers, products stagnate or actively get worse, prices increase with a lack of competition, and the consumer suffers. In the case of EVs, there is the added issue of manufacturing capacity which is important for security. While I would love a cheap new EV now, I would prefer for my children to have sustainable cheap EVs in the future.

[–] jorp@lemmy.world 8 points 1 month ago (2 children)

"China isn't operating as a free market like we do, this is just like what silicon valley does in our free market"

[–] Basrandir@lemm.ee 3 points 1 month ago

Silicon Valley which is also heavily subsidized by the US government.

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