...the problem became, as it often does, that all those receiving the give-aways, became dependent on them and became angry and resentful at even the suggestion of taking them away.
Wouldn’t we all starve if the farmers didn’t get their welfare?
For decades America imposed a tariff of 2.5% on autos from the EU, including the UK. While the EU and the UK imposed a tariff of 10% on US made vehicles. The impact of those tariffs can be seen in the percentage of US made cars sold in Europe vs what Europe sells in America. It's not even close. It has been a similar situation in the auto sector with countries in the Far East, led by Japan.
“As of early 2026, Canada has reversed its 2024 policy by cutting tariffs on Chinese-made electric vehicles (EVs) from 100% to 6.1%, allowing up to 49,000 units annually (rising to 70,000 over five years). This strategic pivot aims to lower consumer costs and boost investment, differing significantly from the stricter U.S. approach.
Key Details on the 2026 Shift
Tariff Reduction: In January 2026, the Canadian government reduced the 100% tariff on Chinese-made EVs to 6.1%, matching a "most-favored-nation" rate.”
Did Carney consult Unifor before implementing this?
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Ted must be at work.
