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Canada Relaxes Tariffs on Chinese Electric Vehicles, Steel, and Aluminum Products
Canadian firms can request a temporary remission of tariffs on the imports of Chinese electric vehicles, steel, and aluminum products, the finance ministry said on Friday.
Relief for Canadian Industry
The ministry said in a statement that relief would be granted under specific and exceptional circumstances. The measure is designed to help firms adjust their supply chains to cope with the new tariffs, it said in a statement.
Canada announced the measures in late August, citing China’s intentional, state-directed policy of over-capacity. A 100% surtax on EVs was imposed on Oct. 1 while a 25% surtax on steel and aluminum products comes into effect on Oct. 22.
Remission Criteria
Remission would be considered in the following cases:
- Situations where goods used as inputs, or substitutes for those goods, cannot be sourced either domestically or reasonably from non-Chinese sources.
- Where there are contractual requirements, existing prior to Aug. 26, 2024, requiring businesses to purchase Chinese inputs into their products or projects for a specified period of time.
- Other exceptional circumstances, on a case-by-case basis, that could have significant adverse impacts on the economy.
Remission will not be granted for goods intended for resale in the same condition to the United States.
Frequently Asked Questions
Canadian companies benefit from this new tariff remission policy?
Yes, eligible Canadian firms can request a temporary remission of tariffs on the imports of Chinese electric vehicles, steel, and aluminum products.
What are the criteria for remission?
The criteria include situations where goods used as inputs, or substitutes for those goods, cannot be sourced either domestically or reasonably from non-Chinese sources, contractual requirements prior to Aug. 26, 2024, and other exceptional circumstances.
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