Canada's decision to impose a 100% tariff on Chinese electric vehicles and 25% duties on steel and aluminum imports has drawn sharp criticism from Beijing, with experts warning the measures violate WTO principles. The move, announced last week, marks a significant escalation in cross-Pacific trade tensions.
Professor Yang Hangjun of the University of International Business and Economics argues these tariffs undermine mutual economic interests. \"Protectionist measures create lose-lose scenarios,\" Yang stated. \"History shows collaborative trade frameworks yield better results for all economies involved.\"
China's planned countermeasures targeting Canadian agricultural exports highlight the risks of cascading trade barriers. Analysts note these developments come as global EV demand grows 34% annually, with Asian markets driving much of this growth.
The WTO dispute resolution mechanism could play a critical role in resolving the conflict. Business leaders across Asia express concern about potential supply chain disruptions, particularly in green technology sectors where Chinese components remain vital.
