The ongoing federal consultation on “potential policy responses to unfair Chinese trade practices in electric vehicles” could be “broader” than just cars, Finance Minister Chrystia Freeland told Bloomberg. She is due to meet business and labour associations next week. (Bloomberg)
Talking point: Ottawa launched the public consultation late last month; the process could lead to tariffs, measures to exclude Chinese-made cars from purchasing incentives, or restrictions on investments from Chinese firms in Canadian companies or facilities. The U.S. hiked import levies on Chinese EVs as well as other strategic technologies in May. While Ottawa focused on autos to begin with, Freeland has previously expressed concern about Chinese overcapacity in steel, aluminum, critical minerals and manufactured goods—all of which the U.S. has also targeted. This week, she said Canada needs to apply a national security perspective to trade.