Canada to Consider Additional Surtaxes on China Imports
By Paul Vieira
OTTAWA--After unveiling plans to slap tariffs on China-made electric vehicles, steel and aluminum, Canada said Tuesday it is mulling surtaxes on additional Chinese goods such as critical minerals, batteries and semiconductors.
Canada said it is seeking input from households, provincial governments, unions and businesses on such additional surtaxes, with consultations ending on Oct. 10.
"These potential measures would protect Canada's workers and investment in critical sectors from China's unfair trade policies and practices and prevent trade diversion resulting from recent actions taken by Canadian trading partners," Canada's finance ministry said in documents outlining its plan.
Late last month, Canada said that starting in October, it would implement a 100% surtax on all Chinese-made EVs, and a 25% surtax on imports of steel and aluminum products from China. Those measures were introduced after it held a 30-day consultation period in the summer.
Write to Paul Vieira at paul.vieira@wsj.com
(END) Dow Jones Newswires
September 10, 2024 11:08 ET (15:08 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk