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Canada's Minister of International Trade Wu Fengyi: Consider imposing higher tariffs on Chinese electric vehicles

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Copywriting丨The gopher brother who loves the circle

Editor丨The gopher brother who loves the circle

Canadian International Trade Minister Wu Fengyi said that the Canadian government is considering whether to follow up due to the United States' increase in tariffs on Chinese electric vehicles.

In addition, the current tariff on Chinese cars is about 6%, and Wu Fengyi said that she is discussing the issue with the United States.

Canada mainly promotes the production of domestic electric vehicles, although the share of electric vehicles in China is small but growing rapidly.

Canada's Minister of International Trade Wu Fengyi: Consider imposing higher tariffs on Chinese electric vehicles

The U.S. and Western allies have also imitated U.S. policies, and if Canada follows up, it will affect China-Canada trade relations, the global economy will be affected by the decisions of various countries, and protectionist policies will eventually reap the consequences.

The trend of China-U.S.-Canada relations under the global electric vehicle market game

With the increasingly severe problem of global climate change, new energy vehicles, especially electric vehicles, have become an emerging industry that countries are competing to develop.

In the midst of international competition in this area, policy trends and trade relations between China, the United States, and Canada are being tested like never before.

In particular, the recent U.S. tariff adjustments for Chinese electric vehicles, and Canada's potential response to them, have pushed this game to a climax.

Canada's Minister of International Trade Wu Fengyi: Consider imposing higher tariffs on Chinese electric vehicles

On May 18, the White House announced that it would raise tariffs on Chinese electric vehicles and impose special tariffs.

This move is undoubtedly a major blow to China's new energy vehicle industry.

As one of the world's largest electric vehicle markets, China has made remarkable achievements in terms of technological progress and market size in this field.

The U.S. tariffs not only limit the sales of Chinese electric vehicles in the U.S. market, but are also likely to trigger a wave of protectionism around the world.

At the same time, the Canadian government is also closely monitoring this development.

Canada's Minister of International Trade Wu Fengyi: Consider imposing higher tariffs on Chinese electric vehicles

As a close neighbor and important trading partner of the United States, Canada has strong ties with China in the automotive industry.

Currently, Canada levies tariffs on Chinese cars at about 6%, which is relatively low in North America.

Against the backdrop of rising tariffs by the United States, the Canadian government has had to reconsider its tariff policy on Chinese electric vehicles.

The Canadian government is currently studying whether to raise tariffs on Chinese-made electric vehicles and is in dialogue with the United States.

In this process, the Canadian government faces multiple considerations.

On the one hand, Canada needs to maintain its trade relationship with the United States and avoid disagreements with the United States on tariffs.

On the other hand, Canada also needs to take into account the development of the domestic electric vehicle industry and the potential for cooperation with China in this area.

Canada's Minister of International Trade Wu Fengyi: Consider imposing higher tariffs on Chinese electric vehicles

In fact, Canada has made positive progress in boosting domestic EV production.

In recent years, the Canadian government has actively signed agreements with many national automakers to promote the development and production of electric vehicles.

In Ontario in particular, the production of electric vehicles has shown a boom.

These efforts will not only help improve Canada's competitiveness in the global electric vehicle market, but also provide a broad scope for cooperation between Canada and China in this area.

Against the backdrop of rising global trade protectionism, the Canadian government is under tremendous pressure.

If Canada follows the U.S. in raising tariffs on Chinese electric vehicles, it will have a profound impact on the trade relationship between China and Canada.

On the one hand, this may lead to a further decline in the share of Chinese electric vehicles in the Canadian market, affecting the cooperation between the two countries in the field of new energy vehicles.

Canada's Minister of International Trade Wu Fengyi: Consider imposing higher tariffs on Chinese electric vehicles

On the other hand, this may also trigger trade frictions between China and Canada in other areas, further worsening the economic and trade relations between the two countries.

It is worth noting that the performance of Chinese electric vehicles in foreign markets is still strong.

Especially in the Middle East, many countries' perception of new energy vehicles is changing, and sales have increased significantly.

China-made electric vehicles are widely favored in the Middle East due to their high cost performance and excellent performance.

Jordan, the United Arab Emirates and other countries have launched promotional programs to encourage consumers to buy electric vehicles.

These measures not only promote the sales of Chinese electric vehicles in the Middle East, but also provide strong support for the international development of China's new energy vehicle industry.

Canada's Minister of International Trade Wu Fengyi: Consider imposing higher tariffs on Chinese electric vehicles

In the Canadian market, although the share of electric vehicles in China is relatively small, it is growing rapidly.

This is mainly due to the advantages of Chinese electric vehicles in terms of performance, price and service.

With the Canadian government's increasing support for the new energy vehicle industry, the prospects for Chinese electric vehicles in the Canadian market are still broad.

In the context of global trade protectionism, the game between China, the United States and Canada in the field of electric vehicles will become more and more intense.

The United States is trying to protect its auto industry by raising tariffs to restrict China's imports of electric vehicles.

Canada, on the other hand, needs to maintain trade relations with the United States and actively seek cooperation opportunities with China in the field of new energy vehicles.

For China, in the face of the pressure and challenges of the external trade environment, it is more necessary to firmly follow the path of independent innovation and enhance the core competitiveness of the electric vehicle industry.

Canada's Minister of International Trade Wu Fengyi: Consider imposing higher tariffs on Chinese electric vehicles

For Canada, there is a trade-off between trade relations with the United States and domestic industry development, and a path needs to be found that will safeguard national interests and promote bilateral cooperation.

Canada can actively participate in the cooperation and exchanges of the international electric vehicle industry, learn from advanced technology and experience, and enhance its competitiveness in the field of new energy vehicles.

Canada can also promote mutual benefit and win-win results between the two countries in the field of new energy vehicles by strengthening economic and trade cooperation with China and other countries.

In the game of the global electric vehicle market, China, the United States and Canada need to maintain an open and inclusive mindset and jointly address the challenges and opportunities.

Canada's Minister of International Trade Wu Fengyi: Consider imposing higher tariffs on Chinese electric vehicles

By strengthening international cooperation and exchanges, we will promote the innovation and development of the new energy vehicle industry and contribute to the sustainable development of the global economy.

Governments also need to pay attention to the sustainable development of the electric vehicle industry.

In promoting industrial development, we should pay attention to environmental protection and resource conservation, and avoid over-reliance on fossil energy to cause environmental pollution.

By formulating scientific and reasonable policies and measures, we will guide enterprises and all sectors of society to jointly promote the green and low-carbon development of the electric vehicle industry.

Canada's Minister of International Trade Wu Fengyi: Consider imposing higher tariffs on Chinese electric vehicles

The game between China, the United States and Canada in the field of electric vehicles is an important embodiment of global economic integration and the development of the new energy vehicle industry.

All countries need to maintain an open and cooperative attitude, jointly promote the healthy development of the new energy vehicle industry, and contribute to the sustainable development of the global economy.

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