Canada threatens to impose tariffs on U.S. goods over EV tax credit plan By Reuters
© Reuters. FILE PHOTO: A U.S. and a Canadian flag flutter at the Canada-United States border crossing at the Thousand Islands Bridge in Lansdowne, Ontario, Canada September 28, 2020. REUTERS/Lars HagberG/File Photo
OTTAWA (Reuters) – Canada threatened on Friday to impose tariffs on a range of American exports if U.S. legislators approve a plan to grant a electric-vehicle tax credit for domestic manufacturers, a measure Ottawa strongly opposes.
In a letter to members of the U.S. Senate and Congress, Canada’s finance and trade ministers said that if the issue was not resolved, Ottawa would also launch a dispute settlement process under the U.S.-Mexico-Canada trade deal.
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Read More: Canada threatens to impose tariffs on U.S. goods over EV tax credit plan By Reuters