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
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
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
Asks of you, as well, to accept short term pain for long term good, the difficult trade off for the genuine solution. And i know that after all that you have been through, that is a really big ask and really difficult to hear. That is not the position we should be in. Its not the position i want to be in, but we have to end the politics of the easy answer that solves nothing. Lets speak to our political correspondent, nick eardley, at westminster. What big asks is he talking about . That is the million question, and i think what was pretty clear from keir starmer is that the next few months are not going to be that much fun actually when it comes to government announcements. The most striking bit for me was when he said the budget is coming in october and it will be painful, those with the broadest shoulders will face the heaviest burden. Absolutely clear there will be some really unpopular announcements in that budget, perhaps around attacks, perhaps focus more on people with higher i
Live from new york, at the opening bell, this is business today. Traders tread water on wednesday. Cranking up the voltage on trade tensions. Canada slaps hefty import taxes on electric cars made in china older, wiser, and ready to spend. How businesses are finding a Silver Lining in indias ageing population. Welcome to business today, im Michelle Fleury live from new york. Us markets slip at the open after the record close. More on that any moment. Lets turn our attention to markets, the dow is down two tenths of a percent right now, after the wreck a close yesterday. The snp and nasdaq have not fared so well. Traders are turning away from the Technology Stocks right now. For more on this is the chief market strategist, great to see it this morning. Are you surprised this rally is stalling . What should we read from the dow slipping back slightly . Read from the dow slipping back sliuhtl . ,. , slightly . Good morning, i dont think they slightly . Good morning, i dont think they can