In a strong response to Canada's recent announcement of proposed tariffs, China has condemned the Canadian government's plan to impose a 25% tariff on Chinese aluminium and steel imports. A spokesperson for the Chinese Embassy in Canada characterized the move as a typical example of trade protectionism and political dominance. This statement reflects China's deep concern over what it perceives as unfair trade practices that could escalate tensions between the two nations.
China's spokesperson emphasized that such tariffs would disrupt Canada's economic structure and impede trade cooperation between the two countries. They argued that the tariffs would ultimately harm Canadian consumers and businesses, leading to higher prices and reduced choices in the market. Moreover, the spokesperson highlighted that these tariffs could hinder Canada's efforts toward green transformation, as many Chinese products, particularly electric vehicles, are integral to sustainable development initiatives.
In response to accusations regarding China's alleged overcapacity in the aluminium and steel sectors, the spokesperson firmly rejected these claims. They asserted that Chinese electric vehicles do not rely on government subsidies to maintain their competitive edge, countering Canada's rationale for the tariffs. Instead, China urged the Canadian government to reconsider its stance and focus on the actual economic implications of such decisions.
The escalating trade tensions between China and Canada come at a time when both countries are navigating complex economic landscapes. The imposition of tariffs could lead to retaliatory measures from China, further straining relations and impacting businesses on both sides. China's government has vowed to take all necessary steps to protect the rights and interests of its enterprises, indicating that it may respond decisively to safeguard its economic interests.
The Canadian government revealed its intention to mirror the United States' tariffs on Chinese goods, which were implemented in May 2024. These tariffs include a 25% charge on aluminium and steel and a staggering 100% on electric vehicles. The Canadian government claims that these measures are necessary to combat the influx of cheap Chinese products that they believe undermines local industries. The proposed tariffs are set to take effect in October, prompting immediate backlash from China.
