Would you like to receive notifications on latest updates of the following headlines?

Canada Imposes 100% Tariff on Chinese-made Electric Cars

POSTED ON August 27, 2024 •   Technology      BY Abiodun Saheed Omodara
The US and European Union have announced similar duties on Chinese imports

Canada has reportedly imposed 100 per cent tariffs on China-made Electric Vehicles (EVs) including those made by Tesla at its Shanghai factory.

In May, the US said it would quadruple its tariffs on imports of Chinese EVs to 100%.

That was followed by the EU, which announced plans to impose duties on China-made EVs of up to 36.3%.

"Tesla will almost certainly be lobbying the Canadian government to get some leeway on these tariffs, as they have already with Europe," said Mark Rainford, a China-based car industry commentator.

"If they fail at mitigating the tariff enough, they'll likely look at switching their Canadian imports to either the US or European factories since Canada is their 6th largest market this year and thus not insignificant," he stated.

Tesla did not immediately reply to a request for comment from BBC News.

Earlier this month, the EU cut its planned extra tariff on China-made Teslas by more than half, after further investigations requested by Elon Musk's car maker.

Chinese car brands are still not a common sight in Canada but some, like BYD, have taken steps to enter the country's market.

China is the world's largest manufacturer of EVs and its car makers have quickly gained a significant share of the global market.

Meanwhile, Canada has struck deals worth billions of dollars with major European car makers, as it tries to become a key part of the global EV industry.

READ ALSO
Digital Inequality in Africa: High costs, infrastructure gaps leave millions offline
BY Abiodun Saheed Omodara April 21, 2025 0

Despite significant investments in Nigeria and various regions of Africa, only 38 percent of the pop...

READ ALSO
CBEX unregistered digital assets exchange in Nigeria, SEC warns of investment risks
BY Abiodun Saheed Omodara April 19, 2025 0

The Securities and Exchange Commission (SEC) has announced that Crypto Bridge Exchange, also referre...

READ ALSO
NDPC launches initiative to combat cyberbullying, financial fraud through data protection
BY Abiodun Saheed Omodara April 7, 2025 0

The National Data Protection Commission (NDPC) on Monday reiterated its dedication to enhancing data...

READ ALSO
UNCTAD highlights risks of AI disparities as market approaches $4.8trn
BY Abiodun Saheed Omodara April 7, 2025 0

The widespread adoption of artificial intelligence (AI) worldwide, along with the emergence of new t...

READ ALSO
AI's Role in Spiritual Guidance: Enhancing teachings while upholding values
BY Abiodun Saheed Omodara April 5, 2025 0

Artificial Intelligence (AI), a collection of technologies programmed into computers to execute vari...

READ ALSO
U.S. shows highest anxiety over AI Job loss amidst technological advancements
BY Abiodun Saheed Omodara April 3, 2025 0

Despite its advanced status, research indicates that the United States of America (USA) has the high...

READ ALSO
NITDA Partners Afrovision technologies to bridge job gap for Nigeria’s Tech Talent
BY Abiodun Saheed Omodara April 3, 2025 0

In an effort to tackle the ongoing challenge of job placement for Nigeria’s expanding tech tal...

READ ALSO
OpenAI valuation hits $300 billion after SoftBank-led fund
BY Abiodun Saheed Omodara April 2, 2025 0

The Japanese telecommunications company, alongside a group of investors, has recently announced yet...

OUR CHANNELS:

N50 Million Fraud: Court of Appeal Affirms Conviction of Former Guaranty Trust Bank Employee
BY Abiodun Saheed Omodara May 9, 2025 0

The Court of Appeal in Enugu has affirmed the conviction and seven-year prison sentence of Onyekachi...


Man steals ₦20m worth of wigs in Police custody
BY Abiodun Saheed Omodara May 9, 2025 0

A man named Austine, along with his accomplices, stole wigs worth ₦20 million from a moving truck on...


JUST IN : Vatican appoint New Pope
BY Abiodun Saheed Omodara May 9, 2025 0

The Vatican has appointed Cardinal Robert Prevost as Pope Leo XIV, marking him as the 267th leader o...


Rep to Investigate N200b CBN Loan for National Mass Metering Programme
BY Abiodun Saheed Omodara May 9, 2025 0

The House of Representatives is set to examine the allocation and use of the N200 billion Naira loan...


Senate Approves Key Tax Reforms, Retains VAT at 7.5%
BY Abiodun Saheed Omodara May 8, 2025 0

Eight months after President Bola Ahmed Tinubu presented four tax reform bills to the National Assem...


EU Unveils Plan to Eliminate Russian Gas Imports by 2027
BY Abiodun Saheed Omodara May 9, 2025 0

The EU introduced a long-awaited initiative to eliminate its remaining gas imports from Russia by th...


Police present human parts as evidence in Kwara student’s murder
BY Abiodun Saheed Omodara May 9, 2025 0

KWARA, Nigeria - The trial of Abdulrahman Bello and his alleged accomplices in the suspected ritual...


Edo Speaker Defects to APC, Cites Constituency Development as Key Reason
BY Abiodun Saheed Omodara May 8, 2025 0

EDO, Nigeria - The Speaker of the Edo State House of Assembly, Rt. Hon. Blessing Agbebaku, has provi...


124,408 Terrorists Surrender as Nigeria Strengthens National Security
BY Abiodun Saheed Omodara May 9, 2025 0

ABUJA, Nigeria - Minister of Defence Abubakar Badaru stated on Wednesday that President Bola Ahmed T...


LASG Issues 8,856 Planning Permits to Enhance Building Safety
BY Abiodun Saheed Omodara May 9, 2025 0

LAGOS, Nigeria - The Lagos State Government has announced that it granted 8,856 planning permits ove...


More Articles

Load more...

Menu