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Reuters report today.Ottawa, June 24 (Reuters) - Canada said on...

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    Reuters report today.

    Ottawa, June 24 (Reuters) - Canada said on Monday it was considering whether to impose tariffs on China- made electric vehicles as it seeks to align itself with allies against what they see as a heavily subsidized Chinese industry.

    Finance minister Chrystia Freeland said the domestic auto sector faced unfair competition from China's "state-directed policy of overcapacity."

    "Chinese producers are quite intentionally generating a global oversupply that undermines EV producers around the world, including here in Canada, "Freeland told reporters in Vaughan, Ontario, echoing concerns raised by the United States and the European Union.


    "We're not ruling anything out," she said, adding "we are bringing to bear our strongest trade action tools."

    Ottawa, trying to position Canada as a critical part of the global EV supply chain, has come under pressure domestically to act against Chinese EVs.

    The premier of Ontario, Canada's most populous province and the main auto-making center, last week urged Ottawa to impose tariffs of at least 100% on the vehicles.


    Canada has inked deals worth billions of dollars to woo companies involved in all parts of the EV supply chain to bolster its manufacturing heartland.

    The main opposition Conservative party, accusing Trudeau of failing to protect the auto industry, said Ottawa should not allow the dumping of cheap Chinese products.

    Industry bodies, including the Global Automakers of Canada and the Canadian Vehicle Manufacturers' Association, welcomed the announcement.

    Last edited by jaimore: Tuesday, 14:34
 
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