Browsing: Automotive

Canada is set to implement significant tariffs on electric vehicles (EVs) manufactured in China, including those produced by BYD, as part of a broader strategy to protect its automotive industry. The Canadian Department of Finance announced that these tariffs aim to safeguard over 125,000 auto manufacturing jobs, predominantly unionized, spanning the EV supply chain. The move is in response to what Canada perceives as China’s inadequate labor and environmental standards, which, according to Canadian officials, pose a threat to both local businesses and the nation’s economic future. The new tariffs are scheduled to come into effect on October 1, imposing a…

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