Canada threatens to impose tariffs on U.S. over EV tax credit

Canada threatened to impose new tariffs on the United States if the Biden administration’s Build Back Better provision regarding an electric vehicle tax credit plan passes, according to Global News. The news outlet said the plan threatens “to severely impact Canada’s automotive sector, valued at tens of billions of dollars in exports alone to the U.S.” The threat to impose tariffs was sent in a letter to several members of the U.S. Senate leadership. (Source: Global News) Read the original story…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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