Canada Considers Imposing Surtax on Chinese Batteries, Chips and Solar products
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Canada is launching a 30-day consultation period to consider the imposition of a surtax on batteries, battery parts, semiconductors, critical minerals and metals and solar products from China.
The move follows a decision last month to increase tariffs on Chinese-made electric vehicles from 6.1% to 106.1%, a measure due to take effect on Oct. 1.
Canada’s Finance Ministry cited unfair competition from Chinese companies that benefit from a government-led policy of overcapacity and lower labor and environmental standards as the reason for the action. Such unfair competition poses a threat to Canadian companies and workers and undermines Canada’s long-term economic prosperity, it said.
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- Canada is considering a surtax on various Chinese products and increasing tariffs on Chinese EVs to 106.1% due to unfair competition concerns.
- China's Ministry of Commerce condemned Canada's actions, urging respect for WTO rules and warning of adverse effects on trade relations.
- Similar U.S. measures include a 100% tariff on Chinese EVs and incentives for domestic production under the Inflation Reduction Act.
- China Automotive Power Battery Industry Innovation Alliance
- The China Automotive Power Battery Industry Innovation Alliance reported that China's battery exports grew by 23% year-on-year in the first eight months of 2024, indicating robust growth in the sector despite international trade challenges.
- Earlier this year：
- The U.S. imposed its own tariffs on Chinese electric vehicles, batteries, and components.
- Last month：
- Canada decided to increase tariffs on Chinese-made electric vehicles from 6.1% to 106.1%.
- The first half of 2024：
- There was a significant decrease in Chinese battery exports to the U.S., with a 39.4% year-on-year drop in volume.
- The first eight months of 2024：
- China’s batteries exports grew 23% year-on-year.
- May 2024：
- The U.S. announced a 100% tariff on Chinese EVs and a 25% tax on lithium batteries and components.
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