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Transcripts For BBCNEWS Business Today 20240828

From china. This is on top of the most favoured nation tariff of 6. 1 already slapped onto chinese produced evs that are imported into canada. Now, the government also intends to apply a 25 tariff on imports of steel and aluminium products from china. Canadas finance minister, chrystia freeland, says these measures were about protecting domestic producers. The reality is china has an intentional state directed policy of overcapacity and oversupply, designed designed to cripple our own industries. Talk to the steel sector. Talk to the aluminium sector to understand how effective that has already been. We simply will not allow that to happen to our ev sector. The auto tariffs bring canada in line with its southern neighbour. The us introduced 100 tariffs on chinese made evs in may whilst the eu is also imposing higher tariffs. It comes after Us National Security advisorjake sullivan, whos en route to beijing, touted the need for a united front on tariffs when he met Withjustin Trudeau an

Transcripts For BBCNEWS BBC News 20240828

Question though they really werent we were incredibly disappointing if today they said at eight oclock, its a new t shirt. It today they said at eight oclock, its a new tshirt. Today they said at eight oclock, its a new tshirt. It was expected. The only question its a new tshirt. It was expected. The only question was its a new tshirt. It was expected. The only question was where its a new tshirt. It was expected. The only question was where they. The only question was where they were playing and for how long. There was chat about them doing ten wembley dates, more than the eight taylor swift did. Of course those things have to be booked a very long time in advance. Its ending up they are doing four wembley dates, four in manchester, a couple in cardiff, edinburgh, a couple, and also a couple in dublin. And then thats it, they are not going to europe. So i imagine there will be a lot of people that want to go. I imagine there will be a lot of people that want to go. There will be a lot

Transcripts For BBCNEWS Business Today 20240828

Its a move that could exacerbate Trade Tensions between western countries and china. From october, canada will impose 100 tariffs on Electric Vehicles from china. This is on top of the most favoured nation tariff of 6. 1 already slapped on to chinese produced evs that are imported to canada. The government also intends to apply a 25 tariff on imports of steel and aluminium products from china. Canadas finance minister, chrystia freeland, said these measures were about protecting its domestic producers. The reality is china has an intentional, state directed policy of overcapacity and oversupply, designed designed to cripple our own industries. Talk to the steel sector, talk to the aluminium sector to understand how effective that has already been, and we simply will not allow that to happen to our ev sector. The auto tariffs bring canada in line with its southern neighbour. The us introduced 100 tariffs on chinese made evs back in may, whilst the eu is also imposing higher tariffs. It

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