30-day consultation on additional surtaxes beyond those announced last month.
The Canadian government announced Tuesday that it would probe a potential surtax on Chinese critical mineral products, batteries and parts, solar products, and semiconductors. In a statement, the Department of Finance announced a 30-day consultation on possible measures and the timing of the actual implementation. It justified the move by referring to “unfair competition from Chinese producers” that would threaten Canada’s economic prosperity. The Department added that the measures would build upon those announced last month. The Canadian government had then said it would implement import tariffs on Chinese-made electric vehicles, steel, and aluminum starting in October (we reported).
The Chinese government responded with a one-year anti-dumping probe on Canadian rapeseed that began Monday amid growing trade tensions between the People’s Republic and Western countries. In May, the United States published a list of tariffs targeting various Chinese-made high-tech goods. Besides EVs, steel, and aluminum, the U.S. also targeted batteries, critical minerals, magnets, and other products. The surtax on Steel, Aluminum, and EVs Canada announced last month matched those imposed by the U.S.
Photo: Carlosbezz via Canva
