Canada to announce tariff plan for Chinese EV, battery imports following U.S., Europe

News Snapshot:

OTTAWA — Finance Minister Chrystia Freeland is expected to announce this morning a plan for potential tariffs to protect Canada's electric vehicle supply chain from unfair Chinese competition. Freeland and International Trade Minister Mary Ng are making a joint announcement this morning following moves this spring by both the United States and Europe to hike import tariffs on Chinese-made EVs. Before Canada can impose new tariffs, an anti-subsidy investigation must be completed by the Canadian International Trade Tribunal. Currently, the only Chinese-made EVs imported into Canada are Teslas made at the U.S. tech giant's Shanghai factory. China is a bigger...