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The Trade Guys
The China Challenge: Tariffs from Canada, Deepening Ties with the EU, and the Drawbacks of De-Risking in India
Sep 9, 2024
Scott Miller, a Trade Guy and expert in executive education at CSIS, discusses how nations are grappling with trade relationships with China. He highlights Canada’s recent tariffs on Chinese EVs and aligns them with U.S. policies. The conversation dives into the EU's evolving trade dynamics and how India’s hopes of de-risking may fall short of a clean break from China. Miller emphasizes the need for coordinated global responses to tackle the challenges of overcapacity and the complexities of a shifting economic landscape.
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Quick takeaways
- Canada's implementation of tariffs on Chinese EVs showcases the global response to trade imbalances and concerns over market flooding.
- India's struggle with de-risking from China highlights the complexities of supply chains and persistent reliance on Chinese imports despite relocation efforts.
Deep dives
Retaliation Against Chinese Electric Vehicles
Several countries, including Canada, have imposed tariffs in response to concerns about Chinese electric vehicles (EVs) flooding their markets. Canada recently enacted a 100% tariff on Chinese EVs and a 25% tariff on steel and aluminum to align with similar U.S. measures. This move reflects a growing recognition among nations that Chinese overproduction and state-subsidized industries pose a significant threat to their local economies. As a consequence, China has initiated anti-dumping investigations into imports, signaling a retaliatory stance that emphasizes the interconnected responses of nations confronting trade imbalances.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode