Canada Imposes 100% Tariff on Chinese EVs
Episode Stats
Words per Minute
115.73555
Summary
Learn English with Justin Trudeau. Prime Minister Justin Trudeau delivers a speech on the impact of China's trade policies on Canada's economy and trade relations with the United States, and the need for a strong Canada in the 21st century.
Transcript
00:00:00.080
Over the summer, we saw inflation return to normal, and now interest rates are coming down.
00:00:11.640
Within the G7, Canada has the lowest deficit and the lowest net government debt.
00:00:17.900
And in terms of foreign investment, we are top three in the world
00:00:21.460
and number one per capita in the G20 for foreign direct investment.
00:00:26.660
Companies around the world are taking an interest in investing in Canada
00:00:31.900
to make things in Canada more than just about any other country.
00:00:36.520
So today, we're taking yet another step to ensure that Canada is the country of choice
00:00:42.420
to make the things that'll drive the new 21st century green economy.
00:00:47.800
We're listening to automakers. We're listening to workers.
00:00:50.760
Shortly, we will be introducing a 100% tariff on Chinese-made electric vehicles
00:00:58.800
and a 25% tariff on Chinese steel and aluminum.
00:01:04.360
See, because of our government's choices and the hard work of hundreds of thousands of Canadian autoworkers,
00:01:17.420
we are transforming Canada's automotive sector to be a global leader in building the vehicles of tomorrow.
00:01:36.780
But actors like China have chosen to give themselves an unfair advantage in the global marketplace,
00:01:43.820
compromising the security of our critical industries
00:01:46.980
and displacing dedicated Canadian autos and metal workers.
00:01:55.800
We actually spent some time talking about that and many other geopolitical issues last night
00:02:01.180
with Jake Sullivan, the U.S. National Security Advisor.