Canada's canola industry is urging Ottawa to act as farmers brace for steep losses over a planned 75.8 per cent preliminary tariff from China on canola seed.
It’s worth noting that EV tariffs make some sense for the US because they’re protecting domestic industry, they make zero sense for Canada which does not have its own domestic car industry. The rational thing for Canada would’ve been to invite Chinese companies like BYD to do manufacturing here.
make zero sense for Canada which does not have its own domestic car industry.
Canada produces almost as much vehicles as it consumes. They are mostly foreign owned companies, but it’s a sizeable employment base in Ontario and Quebec.
In an unjustified US trade war, threats of nationalizing plants is reasonable, and then selling them to Chinese makers with employment guarantees a win for entire sector and country. But a reasonable tariff/quota level as part of greater Chinese market access/long term supply contracts deal would be the balanced strategy.
The key is that Canada can produce vehicles from both American and Chinese companies. And if we did nationalize existing plants I don’t see why we’d sell them to China. Just keep them under public ownership.
It’s worth noting that EV tariffs make some sense for the US because they’re protecting domestic industry, they make zero sense for Canada which does not have its own domestic car industry. The rational thing for Canada would’ve been to invite Chinese companies like BYD to do manufacturing here.
Canada produces almost as much vehicles as it consumes. They are mostly foreign owned companies, but it’s a sizeable employment base in Ontario and Quebec.
In an unjustified US trade war, threats of nationalizing plants is reasonable, and then selling them to Chinese makers with employment guarantees a win for entire sector and country. But a reasonable tariff/quota level as part of greater Chinese market access/long term supply contracts deal would be the balanced strategy.
The key is that Canada can produce vehicles from both American and Chinese companies. And if we did nationalize existing plants I don’t see why we’d sell them to China. Just keep them under public ownership.