QSA's Week in Automotive (#4, 2024)
Tariffs impact EV imports; AI funding boost; Canadian EV industry in focus; Auto theft collaboration urged; Wholesale trade data shows growth.
Start Date: 2024-10-26
End Date: 2024-11-01
Top Headlines
Main Stories
Canadian Tariffs on Chinese EVs and Metals
The Canadian government has implemented a 100% tariff on electric vehicles manufactured in China, along with a 25% tariff on Chinese steel and aluminum products. This move aims to protect Canadian industries from unfair trade practices. The tariffs, effective from October 1st, intend to prevent Canada from becoming a backdoor for Chinese goods to North America. A remissions framework has been introduced to mitigate potential negative impacts on Canadian businesses, allowing them to apply for tariff relief in exceptional cases.
Sources: ['Announcements: www.canada.ca']
