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Sudden! A 100 percent tariff! For our products of this type ...... (with a list of products)
Aug 29,2024
Recently, the Canadian government officially announced a series of trade policy adjustment plans for China's domestic commodities. These initiatives are undoubtedly echoes of similar recent policies in the United States and the European Union.
Tariffs of up to 100 per cent!
The Canadian government announced on August 26 that it plans to start from October 1 this year.For all the electric cars made in our countryA surtax of 100 per cent was imposed.
The 100 per cent surcharge would be in addition to Canada's current 6.1 per cent tariff on electric vehicles produced in our country.
This policy is not limited to pure electric vehicles, but also a wide rangeIt covers plug-in hybrid vehicles, gasoline-electric hybrid vehicles and fuel cell vehicles, and covers passenger cars, trucks, buses, vans and other models.
This measure will apply to the following products imported from our country. The following description is for illustrative purposes only and the scope is determined by the tariff items in column 1.
Tariffs on electric carsList of Products
At present, China's domestic electric vehicles exported to Canada mainly come from Tesla's Shanghai factory. As a US company, Tesla can supply Canada through its US or German factories, thus avoiding the impact of this tariff.
In contrast, other Chinese brands of electric vehicles in the Canadian market penetration is still shallow.
However, it has recently been reported that BYD plans to enter the Canadian market and has met with Canadian dealers to discuss the opening of dealerships. As a result, Canada's tariff increase is more like a preventive measure aimed at curbing the entry of Chinese-made electric vehicles into its market.
Data show that since Tesla began to ship electric vehicles made in Shanghai to Canada, the number of cars imported by Canada from China has increased significantly. In 2023, vehicle imports through the Port of Vancouver increased 460 percent year-over-year to 44,356 units.
Regarding Canada's tariff increase, Cui Dongshu, secretary-general of my country's auto industry analysis agency, said that this move has a huge impact on my country's electric vehicles entering the Canadian market, which is almost equivalent to closing the market door. But he also pointed out that companies can build factories overseas and produce electric vehicles in other regions before entering the Canadian market.
The Canadian Broadcasting Corporation (CBC) pointed out that Canada's move is to some extent following in the footsteps of the United States, which has asked Canada to align with China's tariffs on electric vehicles and other products.
In addition to the field of electric vehicles, the Canadian government also announced that starting from October 15, it willFor steel and aluminum products produced in ChinaA 25% tariff is imposed. This series of measures shows Canada's position on trade policy.
Tariffs on steel and aluminum productsList of Products
In addition, not only electric vehicles and steel and aluminum products, Canadian Deputy Prime Minister Freeland said that Canada will also start a 30-day consultation on the possibility of imposing tariffs on my country's batteries, battery parts, semiconductors, key minerals, metals, and solar panels.
China firmly opposes it!
In response to this, the spokesperson of the Chinese Embassy in Canada quickly responded, expressing strong dissatisfaction and firm opposition to Canada's measures, believing that this move is harmful to others and self-interest, and promised to take all necessary measures to protect the legitimate rights and interests of Chinese enterprises.
The spokesperson of the Ministry of Affairs also answered questions from reporters on Canada's proposed restrictions on Chinese electric vehicles and other commodities, further stating China's position and attitude.
Echoing recent similar policies in Europe and the United States
Statistics show that Canada's economic development mainly depends on the United States, its largest trading country, especially in the automobile industry. Most of the about 1.5 million cars produced in Canada every year are shipped to the US market. At present, there is no news to show whether Canada will impose tariffs on Tesla and other European and American electric vehicles equally.
Before Canada announced the tariff increase, US President Biden announced in May this year that he would maintain the "301 clause" tariffs imposed on China during the Trump administration, and at the same time substantially increase tariffs on my country's "target strategic products.
Among them, will beElectric vehicle in ChinaA tripling of the tariffs imposed to 100 percent would have an impact onSemiconductors and solar cellsThe tariffs imposed are doubled to 50 per cent and have an impact onOther strategic commodities such as lithium batteries and steelA new tariff of 25% will be imposed.
In addition, on August 20 local time, the European Commission disclosed to relevant partiesDraft decision on the imposition of final countervailing duties on pure electric vehicles imported from China.
Slight adjustments to the proposed tax rate: BYD 17.0 per cent; Geely 19.3 per cent; SAIC 36.3 per cent; Other cooperative companies 21.3 per cent; All other non-cooperative companies 36.3 per cent; Decided to impose a separate tariff rate on Tesla as an exporter in China, which is set at 9 per cent at this stage; The European Commission also decided not to impose countervailing duties retroactively.
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