Beijing has announced it will take “all necessary measures” to protect Chinese businesses
Canada has announced additional tariffs of 100% on imported cars from China starting in October. claiming that this country is engaging in “unfair competition”, a development that enraged Beijing, which did not hide its “intense displeasure”.
“China does not follow the same rules as other countries,” argued the Canadian prime minister on Monday Justin Trudeau, during a press conference in Halifax (East).
Ottawa will also advance to imposition of additional duties of 25% on Chinese imported steel and imported aluminum from October 15.
In the face of the “challenge” posed by Chinese industries, which he says are implementing a policy of “unfair competition” contrary to the rules of the “market”, the Canadian government is taking action, in “coordination with other economies of the world”, the prime minister continued Trudo.
The additional duties target private-use cars, trucks, buses with electric engines, delivery vans, as well as hybrid models.
“We have to defend Canadian jobs and interests,” Justin Trudeau insisted.
China “expresses its strong displeasure” and “its firm opposition” to these decisions, according to a statement released today by the country’s embassy in Canada. The text adds that Beijing will take “all necessary measures” to protect Chinese businesses.
The new escalation of tension between China and Canada comes against a backdrop of growing trade conflicts with Western nations, which accuse Beijing of seeking to destroy competition in these and other related sectors, such as wind power, photovoltaic panels, batteries, etc..
Last week, the EU confirmed that it intends to go ahead with imposing, in principle for five years, additional tariffs on electric cars imported from China.
Brussels has argued that Chinese electric vehicles have artificially low prices due to government subsidies, which distorts competition and hurts the competitiveness of European carmakers.
The additional duties, which could be as high as 36%, will replace the provisional duties decided in early July.
Beijing has repeatedly threatened to retaliate. He began investigating EU trade practices, which he in turn equated with unfair competition, focusing on imported European dairy.
Also determined to curb China’s advance in electric cars, the US also announced a quadrupling of tariffs (from 25 to 100%) on imported Chinese electric cars. Economic competition with China is also at the heart of the American election campaign.
Dozens of pioneer Chinese companies have appeared in recent years in the field of electric mobility, competing fiercely with foreign manufacturers, who have difficulty adapting to the new data. Now they activate the… turbo abroad as well.
Canada has made notable efforts in recent years to attract female electric car makers, notably by offering tax incentives, touting the clean energy it produces and the country’s rare earth resources.
Source :Skai
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