Canada to start 30-day consultation to impose surtax on Chinese EVs

News Snapshot:

Mia Rabson, The Canadian Press Canada accused China of undermining global trade rules and flooding the market with electric vehicles Monday as Finance Minister Chrystia Freeland kick-started the process required to impose new import taxes on Chinese-made EVs. The move comes weeks after both the United States and European Commission moved to impose their own new import tariffs on Chinese EVs, citing unfair subsidies aimed at displacing more expensive vehicles made in Europe and North America. Speaking at an auto parts manufacturing plant in Vaughan, Ont., Freeland said a 30-day consultation will begin July 2 to investigate China's unfair market...