Canada Proposes New Tariffs on Chinese Goods
Canada Proposes New Tariffs on Chinese Goods
Canada Proposes New Tariffs on Chinese Goods
News summary

China has condemned Canada's proposed tariffs on its batteries, tech products, and critical minerals as 'dangerous and irresponsible', warning that such actions could severely damage bilateral economic relations and disrupt global trade systems. The Canadian government recently initiated a 30-day public consultation on a 100% tariff on Chinese electric vehicles, effective October 1, and an additional 25% duty on steel and aluminum imports starting October 15. This move aligns Canada with the U.S. and EU, who have also imposed punitive tariffs on Chinese products in response to perceived unfair competition. In retaliation, China has launched an anti-dumping investigation into Canadian canola and chemical products, signaling its intent to protect its interests. Meanwhile, China has also expressed willingness to engage in talks with the European Commission to address trade tensions over similar tariffs on electric vehicles. Overall, these developments reflect escalating protectionist measures and heightened geopolitical tensions between China and Western nations.

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