According to foreign media reports, on December 5, Yves Giroux, a budget official of the Canadian Parliament, said in a report that Canada is expected to receive about 100 million Canadian dollars (approximately about the new tariffs on Chinese steel, aluminum and electric vehicles each year (about Income of $ 71.4 million).
However, the latest report of Giroux did not consider the impact of China’s trade revenge, nor did it consider the impact of the United States’ election President Donald Trump that may fully impose a 25%tariff on Canadian goods.
Canada’s Treasury Minister Chrystia Freeland announced in August that 100%tariffs were imposed on electric vehicles made in China, 25%of China’s steel and aluminum were imposed, and it took effect in October.
Giroux estimates that Canada’s tariffs on electric vehicles in China will actually lead to a decline in Canadian revenue. This is because almost all electric cars imported from China to Canada are from Tesla Shanghai factories, and Tesla is likely to pass through from it through it. Factions outside China exported cars to Canada to avoid new tariffs.
As Canada previously levied a 6.1%tariff on Chinese cars, if Tesla purchased cars from tariff -free areas such as the United States, Canada would lose the tariff income. Giroux concluded that this means that the annual loss of income will be slightly higher than 100 million Canadian dollars.
Giroux estimates that, due to the new steel and aluminum tariffs, Canada’s demand for Chinese steel and aluminum will be reduced by nearly 50%, but it may still bring income of more than 200 million Canadian dollars per year.
Giroux stated in the report that in general, the impact of Canada’s impact on GDP on China and Canada’s steel aluminum tariffs on GDP is “minimal.” He said that the output of Canadian metals and public utilities will increase, and the output of manufacturing and construction industries may decline, because the cost of purchasing metals from other places or paying new tariffs will increase.
In addition, Volvo and Gexing have been importing a small number of cars from China to Canada.
Volvo Cars Canada revealed in October that the company imported new EX30, XC60 and “very limited” S90 cars from China to Canada from China.
In 2025, Volvo plans to transfer the production of EX30 and XC60 to other factories, to a certain extent to cope with Canada’s suppression of Chinese -made cars. Volvo Canada said that it will be purchased from Torslanda, Sweden in the first quarter of 2025, and will transfer the production of EX30 to Belgium Special Plant in the first half of 2025.
Polar Star’s plan to make Polestar 2 models made in China is unclear.