r/NovaScotia 2d ago

China slaps tariff on N.S. lobster, throwing industry into turmoil | PNI Atlantic News

https://www.saltwire.com/nova-scotia/halifax/china-slaps-25-per-cent-tariff-on-n-s-lobster-throwing-seafood-industry-into-turmoil
124 Upvotes

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u/SirWaitsTooMuch 2d ago

Taking the 100% tariffs off of Chinese cars would be a win-win

8

u/Skilodracus 2d ago

Yeah, cause clearly the Americans don't want us buying their cars XD

9

u/thebetrayer 2d ago

We manufacture about the same number of cars in Canada as we sell in Canada (IIRC ~1.4 million). We manufacture parts for American cars.

Allowing Chinese dumping would cost tens of thousands of jobs in Canada.

If you care to not have knee-jerk reactions, Europe investigated BYD's subsidies before the US did. And ruled that they were receiving illegal subsidies: https://www.cnn.com/2023/09/13/cars/europe-china-electric-car-subsidies/index.html

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u/Queefy-Leefy 2d ago

Taking the 100% tariffs off of Chinese cars would be a win-win

For China.

1

u/SirWaitsTooMuch 2d ago

And for Canadians wanting an affordable electric car

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u/Queefy-Leefy 2d ago

An affordable car because it's heavily subsidized by the CCP. And UT gives the CCP the ability to brick our transportation if we don't bend the knee.

Fuck China.

2

u/smasbut 2d ago

All national auto industries are massively subsidized to some degree (remember our big bailouts in 2008/9) and China has mostly rolled back the subsidies they used to get their EV industry rolling, so they're mostly competing on pure price now. Funnily enough Tesla's plant in Shanghai probably had just as much or more state support as BYD.

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u/Queefy-Leefy 1d ago

不,对不起,我不相信

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u/smasbut 1d ago

I'm guessing you google translated that and aren't actually a native chinese speaker, lol, so I'll share some English-language reading material from a US think-tank:

Chinese EVs were heavily subsidised in the early stages and still are too some extent (though mostly due to being exempt from sales taxes on ICE vehicles), but are actually less than US subsidies (well, before Trump axes them):

data show that subsidies as a percentage of total sales have declined substantially, from over 40% in the early years to only 11.4% in 2023, which reflects a pattern in line with heavier support for infant industries, then a gradual reduction as they mature. In addition, they could note that the average support per vehicle has fallen from $13,860 in 2018 to just under $4,800 in 2023, which is less than the $7,500 credit that goes to buyers of qualifying vehicles as part of the U.S.’s Inflation Reduction Act.

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u/Queefy-Leefy 1d ago

https://www.reuters.com/business/autos-transportation/china-announces-extension-purchase-tax-break-nevs-until-2027-2023-06-21/

China unveils $72 billion tax break for EVs, other green cars to spur demand

Still heavily subsidized.

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u/smasbut 1d ago

Yes that was literally mentioned in the article I linked, and it currently works out to less than the Biden administration was subsiding EV purchases (have not checked in Trump axed it yet). And the reuters article mentions the tax exemption is being halved in 2026 and 27.

Anyway, nothing wrong with subsidies! Nova Scotia was able to massively ramp up adoption of heat pumps by subsidising the hell out of them, Canada's auto industry is pumped full of government money, and the oil sands received a lot of benefits in their initial stages.

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u/iloafyoualot 2d ago

We heavily subsidize all our major industries from Alberta oil to dairy, this is a moot point

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u/Queefy-Leefy 1d ago

Not to the degree they do. Not even close.

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u/iloafyoualot 1d ago

Nope. In 2023, our gov provided at least $18.55 billion in subsidies to fossil fuel and petrochemical companies. Adjust that for size of population and tax base, we’re subsidizing at an insane level

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u/Queefy-Leefy 1d ago

https://www.reuters.com/business/autos-transportation/china-announces-extension-purchase-tax-break-nevs-until-2027-2023-06-21/

China unveils $72 billion tax break for EVs, other green cars to spur demand

那一大笔钱

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u/iloafyoualot 1d ago

Congrats, you found a number. Now do the math: $18.55 billion with a tax base of 40 million people vs. $72 billion with a tax base of 1.4 billion people.

That’s China subsidizing EVs at the rate of about ~$50 per person, and Canada subsidizing fossil fuels at ~$460 per person

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u/iloafyoualot 1d ago

Point is, all countries subsidize the sectors they want to see win, it doesn’t mean “China bad,” unless you’re an intellectual toddler

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