Published: August 27th, 2024,
Last updated: September 14th, 2024

After the United States, Canada has now doubled the import prices of Chinese EVs. Prime Minister Justin Trudeau justified the move on the grounds that China was deliberately exporting cheap products from overcapacity in the country’s factories. The step is part of a global trend to keep Chinese imports out. This, in turn, forces Chinese companies to relocate investments from their domestic market to the target markets.