The Big Story Will Canada's EV tariffs on China actually work?
Aug 30, 2024
Canada's bold move to impose a 100% tariff on Chinese electric vehicles raises questions about its real impact. As the country follows the US's lead, the economic and political implications are under scrutiny. The discussion also highlights the complexities of such tariffs and their potential to burden consumers. Alternatives like consumer education and adjustments to gasoline prices emerge as more effective strategies for promoting electric vehicle adoption. Meanwhile, the hidden costs of intermediate tariffs might surprise many, leading to higher prices at the consumer level.
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