{"id":148742,"date":"2024-09-13T11:47:03","date_gmt":"2024-09-13T10:47:03","guid":{"rendered":"http:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/canada-tariffs-chinese-products-electric-vehicles.html"},"modified":"2024-09-13T11:47:03","modified_gmt":"2024-09-13T10:47:03","slug":"canada-preparing-for-new-tariffs-on-mainland-chinese-products","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/09\/13\/canada-preparing-for-new-tariffs-on-mainland-chinese-products\/","title":{"rendered":"Canada preparing for new tariffs on mainland Chinese products"},"content":{"rendered":"<p >In August, the Canadian government announced plans to impose a<br \/>\n100% tariff on battery-electric vehicle (BEV) imports from mainland<br \/>\nChina, as well as a 25% import tariff on Chinese steel and<br \/>\naluminum. The tariffs are set to be implemented in October<br \/>\n2024.<\/p>\n<p >The Canadian government sees several products as &#8220;critical to<br \/>\nCanada&#39;s future prosperity, including batteries and battery parts,<br \/>\nsemiconductors, solar products, and critical minerals,&#8221; according<br \/>\nto a government statement. Along with imposing the tariff, Canada<br \/>\nwill revise its zero-emission incentive programs for BEVs and limit<br \/>\neligibility to vehicles produced in countries with which Canada has<br \/>\nfree-trade agreements. Today, those vehicles could be eligible.<br \/>\nProducts from mainland China are already subject to a<br \/>\nMost-Favored-Nation 6.1% tariff, so the new BEV import duty will<br \/>\nactually be 106.1%. The tariff on steel and aluminum imports from<br \/>\nChina will have a lower impact on the auto industry than the BEV<br \/>\ntariff.<\/p>\n<p >A government statement on the tariff said: &#8220;Canadian auto<br \/>\nworkers and the auto sector currently face unfair competition from<br \/>\nChinese producers, who benefit from unfair, non-market policies and<br \/>\npractices. China&#39;s intentional, state-directed policy of<br \/>\novercapacity and lack of rigorous labor and environmental standards<br \/>\nthreaten workers and businesses in the EV industry around the world<br \/>\nand undermine Canada&#39;s long term economic prosperity. Recent<br \/>\nconsultations with stakeholders have confirmed that exceptional<br \/>\nmeasures are required to address this extraordinary threat.&#8221;<\/p>\n<p >Data reported by Bloomberg from national statistical agency<br \/>\nStatistics Canada indicates that the value of imported mainland<br \/>\nChinese electric vehicles increased to C$2.2 billion in 2023, from<br \/>\nless than C$100 million in 2022. Most of the increase was the<br \/>\nresult of US EV manufacturer Tesla&#39;s exports of the Model Y from<br \/>\nits plant in Shanghai, China, to Canada.<\/p>\n<p >With no indication Tesla would receive an exemption, Tesla may<br \/>\nchoose to supply Canada from its US or German production plants. In<br \/>\nJuly, reports surfaced that Chinese automaker BYD wants to discuss<br \/>\nits plans to enter the Canadian market with the country&#39;s lawmakers<br \/>\nand officials.<\/p>\n<p >Canada&#39;s imposition of tariffs on BEV imports from China echoes<br \/>\nsimilar moves <a href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/a-breakdown-on-europe-chinese-ev-tariffs.html\"  rel=\"noreferrer noopener\">made by the EU and the<br \/>\nUS<\/a>, as well as some other countries. These reflect concerns<br \/>\nfrom automakers around the world about mainland China&#39;s ability to<br \/>\nexport relatively low-cost BEVs and undercut automakers operating<br \/>\nunder different cost structures. These tariffs are being set as a<br \/>\ndefensive mechanism.<\/p>\n<p >Chinese automakers have more aggressively entered the markets of<br \/>\nEurope, Asia and South America and have not yet tackled entry into<br \/>\nthe US and Canadian markets. However, there are indications that<br \/>\nmainland Chinese auto brands would like to enter the US and<br \/>\nCanadian markets. Automakers in mainland China also have excess<br \/>\nproduction capacity, providing further reason to begin exporting<br \/>\ntheir vehicles. The question isn&#39;t really &#8220;if&#8221; they will enter<br \/>\nthese attractive markets, but &#8220;when.&#8221;<\/p>\n<p >The US had announced its tariffs would be imposed starting<br \/>\nAugust 1, 2024, however as of September 13 they are still not in<br \/>\nforce and the government has not released an update following<br \/>\nstakeholder input. The EU&#39;s plans for tariffs on Chinese BEVs have<br \/>\nbeen revised, and talks with China&#39;s authorities continue. China&#39;s<br \/>\ngovernment has also registered complaints with the World Trade<br \/>\nOrganization over tariff plans from several countries, has<br \/>\ncontinued negotiations, and has indicated plans for imposing<br \/>\nretaliatory tariffs.<\/p>\n<p >While the stance of the Canadian government is strong and echoed<br \/>\nin other markets, the slow progress for US tariff implementation<br \/>\nand the changes the EU has made underscores that getting these<br \/>\ntariffs into place is just not as simple as it might sound.<\/p>\n<p >At this stage, there has been no indication if Canada would<br \/>\nallow accommodation for mainland Chinese automakers if they chose<br \/>\nto begin production in Canada, which has a free-trade agreement<br \/>\nwith the US and Mexico. There has been concern that mainland China<br \/>\nautomakers will build plants in Mexico meant to serve the US and<br \/>\nCanada. However, Canada&#39;s production costs today are somewhat<br \/>\nhigher than those in Mexico, including labor costs, so the<br \/>\nlikelihood is that it would be more cost efficient for mainland<br \/>\nChinese automakers to build plants in Mexico, as BYD is<br \/>\nconsidering, rather than Canada.<\/p>\n<p >Compared with the US and the EU, Canada&#39;s light-vehicle market<br \/>\nis dependent on imports, though most of those imports are from the<br \/>\nUS or Mexico. According to S&amp;amp;P Global Mobility data, only about<br \/>\n10% of Canada&#39;s light-vehicle sales are of units produced in the<br \/>\ncountry; about 16% are imported from Mexico and about 47% are from<br \/>\nthe US. We estimate about 25,000 units will be imported from<br \/>\nmainland China and sold in Canada in 2024, accounting for about<br \/>\n1.3% of all vehicles sold in Canada this year.<\/p>\n<p ><em>The S&amp;amp;P Global Mobility AutoIntelligence service<br \/>\nprovides daily analysis of global automotive news and events. We<br \/>\ndeliver timely context and impactful analysis for navigating the<br \/>\nfast-moving industry.<\/em><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/forms\/contactinformation.html?fid=144754&amp;amp;subDivision=\/mobility\/en\"><br \/>\nGet Free Trial of AutoIntelligence<\/a>.<\/p>\n\n<h2><b>Commercials Cooperation Advertisements:<\/b><\/h2>\r\n<p><br>(1) IT Teacher IT Freelance<br> <\/p>\r\n<a href=https:\/\/itteacheritfreelance.hk\/wordpress><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITTeacherITFreelance-Website.png alt=IT\u96fb\u8166\u88dc\u7fd2 java\u88dc\u7fd2 \u70ba\u5927\u5bb6\u914d\u5c0d\u96fb\u8166\u88dc\u7fd2,IT freelance, \u79c1\u4eba\u8001\u5e2b, PHP\u88dc\u7fd2,CSS\u88dc\u7fd2,XML,Java\u88dc\u7fd2,MySQL\u88dc\u7fd2,graphic design\u88dc\u7fd2,\u4e2d\u5c0f\u5b78ICT\u88dc\u7fd2,\u4e00\u5c0d\u4e00\u79c1\u4eba\u88dc\u7fd2\u548cFreelance\u81ea\u7531\u5de5\u4f5c\u914d\u5c0d\u3002\/><\/a><p><a href=https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/findteacher>\u7acb\u523b\u8a3b\u518a\u53ca\u5831\u540d\u96fb\u8166\u88dc\u7fd2\u8ab2\u7a0b\u5427! <\/a><br>\r\n\r\n\u7535\u5b50\u8ba1\u7b97\u673a -\u6559\u80b2 -IT \u96fb\u8166\u73ed\u201d ( IT\u96fb\u8166\u88dc\u7fd2 ) \u63d0\u4f9b\u4e00\u500b\u65b9\u4fbf\u7684\u7535\u5b50\u8ba1\u7b97\u673a \u6559\u80b2\u5e73\u53f0, \u70ba\u5927\u5bb6\u914d\u5c0d\u4fe1\u606f\u6280\u672f, \u96fb\u8166 \u8001\u5e2b, IT freelance \u548c programming expert. \u8b93\u5927\u5bb6\u65b9\u4fbf\u5730\u5c31\u80fd\u627e\u5230\u5408\u9069\u7684\u96fb\u8166\u88dc\u7fd2, \u96fb\u8166\u73ed, \u5bb6\u6559, \u79c1\u4eba\u8001\u5e2b.  <br>\r\n\r\nWe are a education and information platform which you can find a IT private tutorial teacher or freelance. <br>\r\n\r\nAlso we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation\u2026 \r\n<\/p>\n<p><br>(2) ITSec<br> <\/p><a href=https:\/\/itsec.vip><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITSec-Main-Promotion-Image.png alt= https:\/\/itsec.vip\/\r\nSecure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.  \r\nITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.\/><\/a> \r\n<br><br> \r\n<p><a href=https:\/\/itsec.vip>www.ITSec.vip<\/a> <br> <br> \r\n<p><a href=https:\/\/sraa.com.hk>www.Sraa.com.hk<\/a> <br> <br> \r\n<p><a href=https:\/\/itsec.hk>www.ITSec.hk<\/a> <br> <br> \r\n<p><a href=https:\/\/penetrationtest.hk>www.Penetrationtest.hk<\/a> <br> <br> \r\n<p><a href=https:\/\/itseceu.uk>www.ITSeceu.uk<\/a> <br> <br> \r\nSecure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers. <br><br>\r\nITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training. \r\n<br><br>Contact us right away. <br><br>Email (Prefer using email to contact us): <br>SalesExecutive@ITSec.vip<\/p>","protected":false},"excerpt":{"rendered":"<p>In August, the Canadian government announced plans to impose a<br \/>\n100% tariff on battery-electric vehicle (BEV) imports from mainland<br \/>\nChina, as well as a 25% import tariff on Chinese steel and<br \/>\naluminum. The tariffs are set to be implemented in October<br \/>\n202&#8230;<\/p>\n","protected":false},"author":1748,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-148742","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/148742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/1748"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=148742"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/148742\/revisions"}],"predecessor-version":[{"id":148743,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/148742\/revisions\/148743"}],"wp:attachment"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