Canada, following the lead of the United States and European Union, said on Monday it would impose a 100% tariff on imports of Chinese electric vehicles and announced a 25% tariff on imported steel and aluminum from China. The duties apply to all EVs shipped from China, which would include those made by Tesla, a Canadian government official said. Shares of the most valuable global automaker closed down 3.2%.
Canada, following the lead of the United States and European Union, said on Monday it would impose a 100% tariff on imports of Chinese electric vehicles and announced a 25% tariff on imported steel and aluminum from China. The duties apply to all EVs shipped from China, which would include those made by Tesla, a Canadian government official said. Shares of the most valuable global automaker closed down 3.2%.