Canada’s industry minister says Ottawa is “considering all measures” after the U.S. announced it would be hiking tariffs on Chinese electric vehicles and other related goods. François-Philippe Champagne wouldn’t rule out Canada imposing similar tariffs during an interview with CBC News Network’s Power & Politics on Friday. “It’s fair to say that everything is on the … Read more
The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that’s likely to increase friction between the world’s two largest economies. The tariffs are unlikely to have much of an inflationary impact because of how they’re structured. Administration officials said they … Read more
He then took part in a discussion with the NPC delegation of the People’s Liberation Army (PLA) and the People’s Armed Police Force on Thursday. Xi, who is also China’s top military commander, called on the military representatives to integrate hi-tech development with the PLA’s war capacity to “comprehensively enhance strategic capabilities in emerging areas”. … Read more
China’s 1 trillion yuan (US$139 billion) exports of electric vehicles, lithium batteries and solar cells could face a new round of challenges this year, as Western policymakers have reflected “genuine anxieties” about overcapacity distorting their markets. Legal action and tariff increases by the United States and European Union against a perceived oversupply of cheap products … Read more
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