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The Canadian government is launching a consultation process on how to tackle the “over supply” of Chinese-made electric vehicles – including potential tariffs — in the global market, Finance Minister Chrystia Freeland said on Monday. Freeland said the 30-day consultation process will begin on July 2. While tariffs and a …
Read More »Ottawa betting big with $13B subsidy to secure Volkswagen deal. Here’s why
There’s nothing small about the $13 billion in subsidies that Canada has promised Volkswagen to secure the automaker’s first battery plant outside of Europe, but it remains to be seen whether the deal is enough to kick start the manufacturing sector’s future. The rising sticker shock of establishing a manufacturing …
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