Canadian Prime Minister Justin Trudeau said Monday that Canada will impose a 100 percent tariff on electric vehicles imported from China.
Trudeau told reporters in Halifax, Nova Scotia, that Ottawa would impose a 25 percent tariff on steel and aluminum imports from China.
Just a month ago, Ottawa launched a 30-day public consultation on Chinese electric vehicles and related products, in line with the United States and the European Union.
"I think we all know that China is not playing by the same rules. It's important that we stay in line and in sync with the rest of the world's economies."
Ottawa is trying to position Canada as an important part of the global electric vehicle supply chain and is under pressure at home to take action against China.
Canada has signed deals worth billions of dollars to bring top European automakers into all parts of the electric vehicle supply chain in a bid to strengthen its manufacturing heartland.
The United States is expected this week to unveil the final implementation plan for the steep tariff increases announced by President Joe Biden earlier this year. However, the planned tariffs could be reduced.
In the face of continued weak economic growth and falling inflation expectations, the European Central Bank finally made another "rate cut" on September 12, cutting the key deposit rate by 25 basis points to 3.5%, while the main refinancing and marginal lending rates were cut by 60 basis points respectively.
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