(YouTube & Trump’s Aluminum & Steel Tariffs Shake Canada!)
The Tarriff Hype.
- Thread starter petros
- Start date
Where are all the other customers? Botswana?(YouTube & Trump’s Aluminum & Steel Tariffs Shake Canada!)
Canada and China are locked in a trade war triggered by Ottawa’s decision in 2024 to follow the Biden administration in imposing 100-per-cent tariffs on Chinese-made electric vehicles. Canadian and American officials said the measures were necessary to protect domestic auto sectors from lower-priced Chinese EVs that were being overproduced and flooding global markets. Canada also enacted a 25-per-cent tariff on Chinese steel and aluminum.
That sounds not so surprisingly familiar. Good thing we stood in lockstep with America to avoid their focusing and throwing tariffs at Canadian steel and aluminum, etc…
In response, China imposed retaliatory tariffs on Canadian canola oil and meal, peas and seafood. Mr. Wang said the only way China will lift these is if Canada drops its EV and steel and aluminum tariffs.
apple.news
Canada’s auto sector is heavily dependent on its American counterpart. Since the EV tariffs on China, however, Mr. Trump has said he doesn’t want Canada making cars for his country and wants heavily integrated North American auto production moved inside U.S. territory.
The envoy said Chinese EV makers were previously interested in investing in Canada but the 100-per-cent tariffs had discouraged them from doing so.
In the space of mere months, tariffs imposed by U.S. President Donald Trump raised car prices and shut down factories, consumer incentives programs ran out of money, and car companies realized it was impossible to undercut China’s burgeoning EV sector. Carmakers across the world hit the brakes.
Such major, rapid changes have put every part of Canada’s EV strategy up for debate. From free trade with China and the U.S. to corporate and consumer subsidies to EV sales mandates, at the centre of the crisis is a $32-billion question: is Canada’s EV dream dead?
thelogic.co
That sounds not so surprisingly familiar. Good thing we stood in lockstep with America to avoid their focusing and throwing tariffs at Canadian steel and aluminum, etc…
In response, China imposed retaliatory tariffs on Canadian canola oil and meal, peas and seafood. Mr. Wang said the only way China will lift these is if Canada drops its EV and steel and aluminum tariffs.
Beijing envoy urges Ottawa to end tariffs on Chinese EVs and warns against ‘Cold War mentality’ — The Globe and Mail
Ambassador Wang Di says Canada’s decision prevented investment from China that would lead to new auto-sector factories and jobs
The envoy said Chinese EV makers were previously interested in investing in Canada but the 100-per-cent tariffs had discouraged them from doing so.
In the space of mere months, tariffs imposed by U.S. President Donald Trump raised car prices and shut down factories, consumer incentives programs ran out of money, and car companies realized it was impossible to undercut China’s burgeoning EV sector. Carmakers across the world hit the brakes.
Such major, rapid changes have put every part of Canada’s EV strategy up for debate. From free trade with China and the U.S. to corporate and consumer subsidies to EV sales mandates, at the centre of the crisis is a $32-billion question: is Canada’s EV dream dead?
Canada’s EV dream has become a nightmare - The Logic
Major projects worth tens of billions of dollars are delayed or in trouble. What Canada does next could make or break its place in the EV world order.
thelogic.co
I wonder if this is being discussed, debated, and addressed in Parliament?
apple.news
LILLEY: Draft trade deal with U.S. hammered out amid 'intensive discussions' — Toronto Sun
Deal in principle in the works with Trump administration; now it's all down to finer points
TransparencyI wonder if this is being discussed, debated, and addressed in Parliament?
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LILLEY: Draft trade deal with U.S. hammered out amid 'intensive discussions' — Toronto Sun
Deal in principle in the works with Trump administration; now it's all down to finer points
Very transparent apparently, and that’s why we are learning about this from the US ambassador, and not even our own government, and certainly not from our parliament.
Pete Hoekstra told The Globe and Mail that talks between the leaders and top cabinet ministers are being held under a cone of silence to ensure a positive outcome.
The Prime Minister and the President met in the Oval Office on May 6 but there has been no indication until now that they had been holding direct negotiations.
“You have the relationship and the discussions between the President and the Prime Minister,” he said, adding “they have had conversations, more than just the Oval Office.”
“The indications that they are talking and in communications regularly is a clear indicator to me that both sides recognize the importance and the urgency of moving this forward.”
The talks include Trade Minister Dominic LeBlanc and U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, he said.
Carney and Trump holding direct talks on trade and security, U.S. envoy says — The Globe and Mail
Pete Hoekstra says talks between the leaders and top cabinet ministers are being held under a cone of silence to ensure a positive outcome
Automotive exports to the U.S. plunge as tariffs hit Canada’s carmakers — The Globe and Mail
Automotive shipments to the U.S. dropped by 17% in value from the previous month, the largest drop in merchandise trade shipments for the month, according to Statistics Canada
The current talks are solely between Canada and the U.S. and do not involve Mexico, the ambassador said.
But he said the Canadians and Americans want the talks to be successful, which is why they are working hard to ensure there are no leaks.
“This is too important for it be managed by leaks. There is too much at stake. You are our second largest trading partner,” he said.