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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 ....
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 ....
a rate cut is imminent. governing council member olli rehn said that inflation is falling in a sustained way . and chief economist philip lane told the financial times that barring major surprises, at this point in time there is enough in what we see to remove the top level of restriction . that decision, whatever it is, will come on the 6th ofjune. live now tojoshua mahony, chief market analyst, scope markets. welcome to the programme. central bank surely like to speak very coded language. it doesn t get clearer than this usually like to speak in code. it usually like to speak in code. ., , ., , code. it doesn t. ultimately the “ob code. it doesn t. ultimately the job of code. it doesn t. ultimately the job of the code. it doesn t. ultimately the job of the central- code. it doesn t. ultimately i the job of the central bankers is to prepare the markets for what should come down the line and they have come out with very uncertain terms. laying out the pathway f ....