US Treasury Secretary Says Tariffs Won’t Be Dropped on Canada After It Slashed Levies on Chinese EVs
U.S. Treasury Secretary Scott Bessent says Washington will not reduce tariffs on Canada after Ottawa reduced tariffs on Chinese electric vehicles (EVs). In a House committee hearing on Feb. 5, Senator John Kennedy asked Bessent if the United States would lower tariffs on Canada to zero if the country also lowered all tariffs on the United States.
US Treasury Secretary Says Tariffs Won’t Be Dropped on Canada After It Slashed Levies on Chinese EVs U.S. Treasury Secretary Scott Bessent declared that Washington will not lower tariffs on Canada, even if Canada reciprocates. This decision follows Canada’s recent reduction of tariffs on Chinese electric vehicles. Bessent emphasized that the U.S. cannot permit its northern border to be used as an entry point for Chinese EVs.
- U.S. Treasury Secretary Scott Bessent stated that tariffs on Canada will not be reduced.
- This decision comes after Canada lowered its tariffs on Chinese electric vehicles.
- Canada reduced tariffs on Chinese EVs from 100 percent to 6.1 percent for 49,000 EVs annually.
- Bessent expressed concern about Chinese EVs entering the U.S. through Canada.
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