Business & Investment

Canada warns buildback Better EV subsidies could trigger a trade war

news

Canada warns buildback Better EV subsidies could trigger a trade war

Major US trading partners have warned that electric vehicle subsidies included in the Build Back Better Act could cause a trade war.

Iowa Senator Chryst Grassley said he met with Canadian Finance Minister Chrystia Freeland last week and learned that trade relations between the two countries were worse than when Donald Trump was president. rice field.

“MS. Freeland warned that a buildback better electric vehicle subsidy excluding Canada would start a trade war between the United States and Canada. She (also) Canada has potential access to dairy products. He warned that stopping at Canada would force him to make a round trip.

In a phone call with ag reporter Tuesday morning, Grassley pointed out that access to dairy products is one of the main benefits of agriculture under the US-Mexico-Canada Agreement.

“So it was very shocking to hear this from her. These grants were more hostile than anything Trump did during his tenure.”

But Grasley suggests that Canada can sigh in relief after West Virginia Senator Joe Manchin said he would vote against Buildback Better.



Canada warns buildback Better EV subsidies could trigger a trade war

https://brownfieldagnews.com/news/canada-warns-build-back-better-ev-subsidies-could-spark-trade-war/ Canada warns buildback Better EV subsidies could trigger a trade war

Back to top button