Don't Sell Out Canada's Auto Industry
Allowing imports to progressively replace domestic production, Canada risks losing not simply assembly plants, but an entire advanced manufacturing value chain.
TL;DR
- Canada is reopening its market to 49,000 Chinese EVs annually, replacing a 100 percent surtax with a 6.1 percent tariff.
- This quota will increase by 6.5 percent each year.
- The decision is criticized for potentially undermining Canada's advanced manufacturing sector.
- The Canadian automotive industry supports approximately 125,000 direct manufacturing jobs and a vast ecosystem of related businesses.
- Rebuilding a lost industrial ecosystem is extremely difficult.