Reuters | December 17, 2024 |
Canadian Prime Minister Justin Trudeau. (Image by the European Parliament, Flickr).
Canada plans to impose tariffs on a slew of Chinese products from as early as next year, the government’s fiscal update showed, as part of its wider investigation into imports from the country.
Prime Minister Justin Trudeau’s government has already slapped a 100% tariff on all Chinese electric vehicles and a 25% tariff on imports of Chinese steel and aluminum products, with the finance ministry previously saying it was also exploring options to widen the duties.
The mid-year fiscal update presented on Monday showed that Ottawa has decided to apply tariffs to imports of certain solar products and critical minerals from China early in the new year, with levies on semiconductors, permanent magnets, and natural graphite following in 2026.
“These measures will prevent Chinese non-market trade practices from causing unfair and harmful market distortions in Canada and throughout the North American continent,” the update said.
Trudeau’s government has frequently criticized the Chinese government-funded policy of oversupply and over-capacity. He says Canada needs to protect local jobs from cheap Chinese products finding their way into the country.
The government has often used its stand against China as a lever to show US President-elect Donald Trump that Canada is aligned with its biggest trading partner in its stand against Beijing.
Trump has vowed to impose 25% tariffs on goods from Canada on his first day in office on Jan. 20 if it fails to stop the flow of drugs and illegal immigrants across its border with the US.
The fiscal update, also called the Fall Economic Statement, did not detail the extent of the duties to be imposed, nor on which specific products, but said further details on the measures would be announced soon.
(By Promit Mukherjee; Editing by Kirsten Donovan)
US graphite miners ask Washington to impose 920% tariff on Chinese rivals
Reuters | December 18, 2024 |
Graphite powder used in industry. Stock image.
North American graphite miners asked the US government on Wednesday to impose a tariff as high as 920% on Chinese suppliers of the battery metal in order to counter what they describe as Beijing’s “malicious trade practices.”
The move is the latest attempt by Western critical minerals suppliers to offset China’s widespread control of the world’s extraction and processing of the building blocks for electric vehicles and electronics.
Graphite, the largest component by volume in an EV battery, can be synthetically produced or processed from naturally occurring sources. China is the largest producer of both types and earlier this month tightened exports of the metal to the US.
The American Active Anode Material Producers, a group of US and Canadian graphite producers, asked the US Department of Commerce and the US International Trade Commission (ITC) to “investigate whether China is exporting natural and synthetic graphite … at unfair prices to the United States” and to impose the tariff rate.
Chinese rivals operate at labor and environmental standards that allow them to rapidly boost production, the group said.
An existing US tariff of 25% on most Chinese graphite is “far too low” and can be absorbed easily by Chinese rivals, the group wrote to US officials.
The Commerce Department and the ITC did not immediately respond to an inquiry seeking comment.
President-elect Donald Trump has threatened to impose tariffs on Chinese products broadly. Trump’s advisers have also encouraged him to impose tariffs on all foreign critical minerals, including those tied to Beijing.
Not all US critical minerals companies support tariffs. Jervois Global, which had to close the only US cobalt mine before it even opened due to Chinese competition, told Reuters last week it would prefer manufacturers be required to buy Western metals instead of blanket tariffs.
(By Ernest Scheyder; Editing by Diane Craft)
Reuters | December 18, 2024 |
Credit: Novonix
Australia’s Novonix Ltd said on Thursday it had joined a petition urging US authorities to investigate China’s alleged dumping of battery-grade graphite at unfair prices, potentially harming domestic producers.
The battery metals and technology company has joined the American Active Anode Material Producers (AAAMP) in filing the petition.
“The filing asserts China is harming the nascent domestic graphite industry by exporting artificially cheap battery-grade graphite into the US, denying North American producers a fair opportunity to enter the market,” Novonix said in a statement.
North American graphite miners asked the US government on Wednesday to impose a tariff as high as 920% on Chinese suppliers of the battery metal to counter what they describe as Beijing’s “malicious trade practices.”
In a separate statement, Australia’s Syrah Resources said its unit, Syrah Technologies LLC, filed an anti-dumping and countervailing duty petition with the US Department of Commerce and the International Trade Commission.
Syrah’s petition, submitted in collaboration with the North American Graphite Alliance, seeks an investigation into Chinese exports of natural and synthetic graphite active anode material used in lithium-ion batteries.
(By Roshan Thomas and Melanie Burton; Editing by Shreya Biswas)
Australia’s Novonix Ltd said on Thursday it had joined a petition urging US authorities to investigate China’s alleged dumping of battery-grade graphite at unfair prices, potentially harming domestic producers.
The battery metals and technology company has joined the American Active Anode Material Producers (AAAMP) in filing the petition.
“The filing asserts China is harming the nascent domestic graphite industry by exporting artificially cheap battery-grade graphite into the US, denying North American producers a fair opportunity to enter the market,” Novonix said in a statement.
North American graphite miners asked the US government on Wednesday to impose a tariff as high as 920% on Chinese suppliers of the battery metal to counter what they describe as Beijing’s “malicious trade practices.”
In a separate statement, Australia’s Syrah Resources said its unit, Syrah Technologies LLC, filed an anti-dumping and countervailing duty petition with the US Department of Commerce and the International Trade Commission.
Syrah’s petition, submitted in collaboration with the North American Graphite Alliance, seeks an investigation into Chinese exports of natural and synthetic graphite active anode material used in lithium-ion batteries.
(By Roshan Thomas and Melanie Burton; Editing by Shreya Biswas)
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