Canada proposes 100% tariffs on Tesla, I have an alternative: open the door to Chinese EVs
Canada proposes 100% tariffs on Tesla, I have an alternative: open the door to Chinese EVs
A Canadian candidate for Prime Minister has proposed implementing a 100% tariff on Tesla vehicles in response to US tariffs...
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The argument against Chinese Ev's is not an economic one.
If some authoritarian state wants to steal from its poorest in society and transfer the wealth to foreign electric car buyers, why is our government trying to win in the race to the bottom?
Billions have been spent on the Canadian EV industry through subsidies, tax cuts and grants. The relative amount of jobs and Canada made goods are pitiful. The real beneficiaries are the foreign auto companies.
We will NEVER have a competitive advantage against China, Japan, US, UK, SK and Germany. Stop trying and put all that money and effort into something we do have a chance at being competitive in.
That is the rationale, if Trump destroys our auto industry, to get better value cars for net prosperity of Canadians even if we lose our very highly subsidized auto industry.
The future (present in China) of car manufacturing is robotics, and EVs require fewer parts that Canadians have specialized in. Still, Canadian resources and manufacturing can help build EVs cheaply here, and worth investing or nationalizing legacy car plants to help bring construction jobs and value to Canadians.