Canada Hits Tesla Hard

By Douglas McIntyre  •  August 28, 2024

Doug McIntyre discusses Canada’s recent decision to impose 100% tariffs on electric vehicles (EVs) from China, which also impacts Teslas produced in Tesla’s Shanghai factory. While Tesla’s market in China isn’t large, these tariffs, similar to those rising in the EU and the U.S., could present long-term challenges for the company. The tariffs were introduced due to concerns that Chinese EV companies receive heavy government subsidies, but Tesla’s inclusion raises questions about the fairness of these tariffs.

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