The parliamentary budget officer predicts Canada’s taxes on Chinese electric vehicles, aluminum and steel will increase federal revenues by $473 million over five years. The measures, including a 100 per cent tax on Chinese-made EVs and a 25 per cent tax on steel and aluminum imports, are part of a larger strategy to address unfair trading practices and support domestic industries.
The parliamentary budget officer estimates Canada ’s tariffs on Chinese electric vehicles, aluminum and steel will increase federal revenue s by $473-million over five years.
The Liberal government has cited unfair trading practices and “abysmal” environmental and labour standards that allow China to unfairly price and dump products into the market at a huge cost to the environment and workers.
CANADA CHINA IMPORT TAXES ALUMINUM STEEL ELECTRIC VEHICLES FEDERAL REVENUE
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