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What is EV tax credit and why is Canada threatening the U.S. with tariffs?

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globalnews.ca

Canada, in its most aggressive display so far against a proposed United States electric vehicle tax credit plan, has threatened to impose new tariffs on its biggest trading partner.

The threats, sent in a stern letter Friday to several members of the U.S. Senate leadership, included promises to slap taxes on a swathe of American products should President Joe Biden’s proposed plan to encourage the development and sale of U.S.-made electric vehicles become law. Read more: Canada threatens new tariffs on U.S.

exports if it approves EV tax credit The development is the latest in a months-long spat between Canadian and U.S. leaders over a provision in the president’s Build Back Better Act, which — if passed — would allow Americans to claim

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