Canada to impose 100% tariff on China EVs; will also tax Chinese steel and aluminum

Let’s make it clear what’s going on here: Canada got its orders from the US and followed them. This also isn’t a surprise as it was floated weeks ago.

The tariffs will be 100% on EVs and 25% on aluminum and steel. The steel one is the most bizarre as Canada just sold off its largest public steel producer.

This article was written by Adam Button at www.forexlive.com.