China Challenges Implementation Of China Surtax Order 2024 By Canada

In a move to protect its economy and domestic industries from pervasive subsidization and idle overcapacities in China, the Government of Canada announced imposition of 100% surtax on Chinese imports of electric vehicles with effect from 1^st October 2024 and 25% on imports of steel and aluminum products with effect from 15^th October 2024. The measures, referred to as China Surtax Order 2024, were announced on 26^th August 2024 pursuant to a 30 days consultation attended by various stakeholders. The purpose of the Order was to protect the domestic producers from the undue advantage enjoyed by the Chinese producers due to various subsidies received by the Chinese government which are immensely threatening the local producers. Such strong support from the Government had enabled Chinese producers to undertake huge investments and increase their production capacities for capturing the global demand. As a result, China became the fourth largest producer of steel catering to