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Trudeau says Canada to impose 100% tariff on Chinese EVs
(www.reuters.com)
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this post was submitted on 26 Aug 2024
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moot point iirc, considering the economic strategy in China is that the gov pays the tariffs.
Tariffs are paid by the importers, normally. The final cost to the consumer is then raised by an equivalent amount to offset the tariffs and make a profit.
I'm not sure why anyone else would pay tariffs. Either way, the cost goes up and the government rakes in some money.
How is that moot? For that to work it would mean that for every Chinese auto sale the Chinese government not only subsidizes manufacturing but also has to give another 100% of the sale cost to the Canadian government.