Tax & Trade Blog

On October 1, 2024, the Canadian government released the final list of which goods will be subject to the 25% surtax on steel and aluminium products coming from the People’s Republic of China effective October 22, 2024 (the “Final List”).  

The Final List is rather broad, and includes many items of iron, steel, or aluminum that could be used by manufacturers across various industries, including ingots, flat-rolled coils, bars and rods, extrusion shapes and sections, tubes pipes and hollow profiles, etc.

On August 26, 2024, the Canadian government announced a series of new measures to support Canadian workers in an effort to enhance the country’s  electrical vehicle (“EV”) industry in domestic, North American, and global markets. 

This follows a 30 day consultation period in July addressing allegedly unfair Chinese EV trade practices, as we previously reported here, and the imposition of similar trade remedies by the EU and the US.