China has lodged a formal complaint with the World Trade Organization (WTO) in response to Canada’s recently announced tariffs on Chinese-made electric vehicles (EVs), as well as steel and aluminum.
Beijing claims that these measures, which are set to take effect in October, constitute trade protectionism that violates international rules and distorts global supply chains.
Meanwhile, the 25 percent levy on Chinese steel and aluminum is set to start on October 15.
China’s WTO case against Canada marks its third this year after similar disputes with the US and the EU.
The tariffs are intended to counteract the impact of Chinese subsidies and overcapacity in these industries.
As mentioned, the dispute between China and Canada is part of a broader trend of rising trade tensions between China and the west, driven in part by concerns over the rapid growth of Chinese exports in high-tech sectors.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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