Should Canada ease its 100% tariff on electric vehicles from China amid trade war with U.S.? Majority of folks and experts alike support the move, while automakers worry about flooding market, which is understandable since capitalism is all about… Profit, Baby, Profit
Some economists support the move, while automakers worry about flooding market
If Canada focuses on consumer affordability and climate goals, reducing the tariffs makes sense as cheaper EVs will help Canada meet its climate goals, and it will benefit consumers with lower prices and as such, a remedy for the scorching hot inflation
1. Lower EV Prices for Consumers
2. Increased Competition and Innovation
3. Trade Diversification
4. Economic Growth
Folks’ Verdict is an unanimously YES!
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