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follows US, EU to impose steep import tariffs on China-made EVs","canada-follows-us-eu-to-impose-steep-import-tariffs-on-china-made-evs","article/canada-follows-us-eu-to-impose-steep-import-tariffs-on-china-made-evs",{"_uid":557,"date":558,"tags":559,"editor":572,"content":582,"excerpt":668,"featured":51,"reporter":669,"_editable":673,"component":674,"seo_title":553,"categories":675,"visibility":685,"author_company":49,"featured_image":686,"seo_description":668,"author_full_name":49,"author_job_title":49,"formattedDate":690,"formattedArticleDate":691},"c8e78d13-2c4a-47b7-b632-c7d96e4f2372","2024-08-29 00:00",[560,563,566,569],{"slug":561,"name":562},"canada","Canada",{"slug":564,"name":565},"china","China",{"slug":567,"name":568},"tariffs","Tariffs",{"slug":570,"name":571},"policy","Policy",[573],{"slug":574,"name":575,"content":576},"matthew-bird","Matthew Bird",{"job_title":577,"image":578,"bio":580,"linkedin":581},"Senior Editor - Supply Chains & Data Visualisation",{"filename":579},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":583,"content":584},"doc",[585,592,606,611,632,639,644,649,658,663],{"type":586,"attrs":587,"content":588},"paragraph",{"textAlign":49},[589],{"text":590,"type":591},"Canada will follow the US and the European Union (EU) to impose a steep import tariff on all China-made electric vehicles (EV) as it looks to protect its EV sector from what it calls unfair competition from China’s subsidies and policies.","text",{"type":586,"attrs":593,"content":594},{"textAlign":49},[595,597,604],{"text":596,"type":591},"The country said it will impose a 100% import tariff on all Chinese EVs starting October 1. This tariff is in addition to the 6.1% duty that is already in place for EVs produced in ",{"text":565,"type":591,"marks":598},[599],{"type":600,"attrs":601},"link",{"href":602,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/where-is-china-exporting-its-electric-vehicles","url",{"text":605,"type":591}," and imported into Canada. ",{"type":586,"attrs":607,"content":608},{"textAlign":49},[609],{"text":610,"type":591},"“The primary rationale behind introducing these tariffs is addressing the potential and future imports of lower cost Chinese EVs from China. This might result in new Chinese investments in Canada, like BYD, which has already signalled its interest in entering the country,” said Bryan Bille, policy analyst at Benchmark.",{"type":586,"attrs":612,"content":613},{"textAlign":49},[614,616,622,624,630],{"text":615,"type":591},"In May, the ",{"text":617,"type":591,"marks":618},"US ",[619],{"type":600,"attrs":620},{"href":621,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/us-hikes-tariffs-to-further-isolate-china-from-its-ev-supply-chain-ambitions",{"text":623,"type":591},"said it will impose a 100% tariff on Chinese EVs. The ",{"text":625,"type":591,"marks":626},"EU too has proposed additional import tariffs",[627],{"type":600,"attrs":628},{"href":629,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/eu-more-than-halves-proposed-imports-duties-on-tesla-evs-made-in-china",{"text":631,"type":591}," in the range of 9% to 36.3%. ",{"type":633,"attrs":634,"content":636},"heading",{"level":635,"textAlign":49},4,[637],{"text":638,"type":591},"Tesla Giga Shanghai dominates exports to Canada",{"type":586,"attrs":640,"content":641},{"textAlign":49},[642],{"text":643,"type":591},"China has significantly increased the EV exports to Canada in recent years. The bulk of those are from Tesla’s gigafactory in Shanghai since the company began shipping them out in 2023.",{"type":586,"attrs":645,"content":646},{"textAlign":49},[647],{"text":648,"type":591},"“There are only limited EV exports from China to Canada. Given that the majority of these models are Tesla and the company has other EV facilities in the US and in Berlin, we would just expect a shift in the trade dynamics in order to avoid the tariffs,” said Charles Lester, analyst with Rho Motion. ",{"type":586,"attrs":650,"content":651},{"textAlign":49},[652],{"type":653,"attrs":654},"image",{"id":49,"alt":655,"src":656,"title":49,"source":49,"copyright":49,"meta_data":657},"","https://a.storyblok.com/f/287943243085208/a423bf87d8/bm-chinaevexportsnew.png",{},{"type":586,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":591},"Tesla counts Giga Shanghai as a key export hub. Tesla produces Model Y and battery cells at Giga Berlin, its first manufacturing location in Europe. The company has two US EV factories in Fremont, California and Austin, Texas. ",{"type":586,"attrs":664,"content":665},{"textAlign":49},[666],{"text":667,"type":591},"Canada’s EV imports increased twelve fold year-on-year to 39,766 units in 2023, according to data from the General Administration of Customs People’s Republic of China (GACC). In contrast, the US imported only 12,426 EV from China in 2023, a decline of 16.3% on a year-on-year basis. ","Canada will follow the US and the European Union (EU) to impose a steep import tariff on all China-made electric vehicles (EV) as it looks to protect its EV sector from what it calls unfair competition from China’s subsidies and policies. The country said it will impose a 100% import tariff on all Chinese EVs […]",[670],{"slug":574,"name":575,"content":671},{"job_title":577,"image":672,"bio":580,"linkedin":581},{"filename":579},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"c8e78d13-2c4a-47b7-b632-c7d96e4f2372\", \"id\": \"\"}-->","article",[676,679,682],{"slug":677,"name":678},"batteries","Batteries",{"slug":680,"name":681},"ev","EV",{"slug":683,"name":684},"geopolitics","Geopolitics","private",{"id":49,"alt":655,"name":655,"focus":655,"title":655,"source":655,"filename":687,"copyright":655,"fieldtype":688,"meta_data":689,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/8d36ef7062/bm-exports.jpg","asset",{"alt":655,"title":655,"source":655,"copyright":655},"Aug 29, 2024","29th August 2024",[],[],1792773897984]