In line with the announcement of a new 100% surtax on Chinese electric vehicles, the Canadian government also announced it intends to apply a 25% surtax on imports of steel and aluminum products from China, effective October 15, 2024.
Ottawa says this measure aims to protect Canada’s workers from China’s unfair trade policies and to prevent trade diversion resulting from recent actions taken by Canadian trading partners.
An initial list of goods was released for public comment. The final list of goods subject to the surtaxes will be announced by October 1, 2024, with the surtaxes taking effect on October 15, 2024.
The surtaxes will not apply to Chinese goods that are in transit to Canada on the day on which these surtaxes come into force.
Links:
– Notice of intent to impose surtaxes on Chinese steel and aluminum
– Surtax on imports of steel and aluminum products from China