silence7@slrpnk.net to Electric Vehicles@slrpnk.netEnglish · 4 months agoCanada agrees to cut tariff on Chinese EVs in return for lower tariffs on Canadian farm productsapnews.comexternal-linkmessage-square10fedilinkarrow-up1104cross-posted to: worldnews@lemmit.online
arrow-up1104external-linkCanada agrees to cut tariff on Chinese EVs in return for lower tariffs on Canadian farm productsapnews.comsilence7@slrpnk.net to Electric Vehicles@slrpnk.netEnglish · 4 months agomessage-square10fedilinkcross-posted to: worldnews@lemmit.online
minus-squarezabadoh@ani.sociallinkfedilinkarrow-up3·4 months agoSo a Chinese EV imported into the US via Canada would have a 6.1% + 25% = 31% total tariff? That’s not too bad… Imported cars into the US from Japan and the EU are tariffed at 15%, so given lower initial costs, Chinese-via-Canada cars should be competitive.
minus-squareboke@sh.itjust.workslinkfedilinkEnglisharrow-up5·4 months agoThat’s not how it works, those tariffs are determined by country of production not the country of import. As far as I understand Chinese made EVs would still be tariffed at the 100% rate in the US.
So a Chinese EV imported into the US via Canada would have a 6.1% + 25% = 31% total tariff?
That’s not too bad…
Imported cars into the US from Japan and the EU are tariffed at 15%, so given lower initial costs, Chinese-via-Canada cars should be competitive.
That’s not how it works, those tariffs are determined by country of production not the country of import. As far as I understand Chinese made EVs would still be tariffed at the 100% rate in the US.