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Anewz
Canada plans to impose tariffs on a range of Chinese products starting in early 2025, according to the government's fiscal update. This move is part of an ongoing investigation into imports from China, following previous tariffs on Chinese electric vehicles, steel, and aluminum.
Canada will impose tariffs on Chinese products starting in early 2025, following previous duties on electric vehicles, steel, and aluminum.
The update, presented on Monday, revealed that Canada would apply tariffs on certain solar products and critical minerals from China early next year. Tariffs on semiconductors, permanent magnets, and natural graphite are expected to follow in 2026.
The Canadian government stated that these measures aim to prevent Chinese non-market trade practices from distorting markets in Canada and North America. Prime Minister Justin Trudeau’s government has criticized China's oversupply and over-capacity policies, arguing that Canada needs to protect local jobs from cheap Chinese imports.
This action also aligns with Canada's position against China, which has been used as leverage in trade talks with the US, particularly with President-elect Donald Trump, who has threatened 25% tariffs on Canadian goods if the flow of drugs and illegal immigrants across the border is not stopped.
The fiscal update did not specify the exact products that will be affected or the extent of the new duties, but additional details are expected soon.
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