Canada threatens to impose new tariffs on US if electric vehicle tax credit approved
CA, 12 Dec 2021
Canada is threatening a retaliatory barrage of punitive tariffs and to reverse a number of dairy-related trade concessions if the United States goes through with its controversial plan to encourage the development and sale of U.S.-made electric vehicles.
In a stern letter dated Friday to key members of the Senate leadership, Deputy Prime Minister Chrystia Freeland and Trade Minister Mary Ng promised to impose tariffs on a raft of U.S.-made products if President Joe Biden’s tax credit proposal becomes law.
Mike Le Couteur breaks down the policy, and how Canada plans to respond.
For more info, please go to https://globalnews.ca/news/8441365/us-goods-taxes-ev-credit-tariffs/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews
In a stern letter dated Friday to key members of the Senate leadership, Deputy Prime Minister Chrystia Freeland and Trade Minister Mary Ng promised to impose tariffs on a raft of U.S.-made products if President Joe Biden’s tax credit proposal becomes law.
Mike Le Couteur breaks down the policy, and how Canada plans to respond.
For more info, please go to https://globalnews.ca/news/8441365/us-goods-taxes-ev-credit-tariffs/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews
