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Canada threatens to impose new tariffs on US if electric vehicle tax credit approved

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Canada is threatening a retaliatory barrage of punitive tariffs and to reverse a number of dairy-related trade concessions if the United States goes through with its controversial plan to encourage the development and sale of U.S.-made electric vehicles.

In a stern letter dated Friday to key members of the Senate leadership, Deputy Prime Minister Chrystia Freeland and Trade Minister Mary Ng promised to impose tariffs on a raft of U.S.-made products if President Joe Biden’s tax credit proposal becomes law.

Mike Le Couteur breaks down the policy, and how Canada plans to respond.

For more info, please go to https://globalnews.ca/news/8441365/us-goods-taxes-ev-credit-tariffs/

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Category
U.S. & Canada
Tags
global news, electric vehicle, EV
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