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Chinese Commerce Minister Wang Wentao is in Europe to negotiate against proposed EU tariffs on electric vehicles (EVs) amid rising trade tensions. With a critical vote on September 25, Wang's efforts face challenges as EU countries show mixed support for the tariffs, which could reach up to 35.3%.
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On August 24, 2024, a Canadian arbitrator ordered employees of Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) to return to work following a labor dispute that threatened significant economic disruption. The Teamsters union plans to comply but will pursue legal action against the arbitration ruling.
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On August 26, 2024, Canada announced a 100% tariff on Chinese electric vehicles and a 25% tariff on steel and aluminum imports. Prime Minister Justin Trudeau stated the measures aim to counter China's unfair trade practices, aligning with similar actions by the U.S. and EU. The tariffs will take effect on October 1, 2024.
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Canada will impose a 100% tariff on electric vehicles made in China starting October 1, 2024. This decision aligns with similar tariffs from the U.S. and EU, aimed at protecting domestic auto industries from subsidized Chinese competition. Critics warn this could hinder the adoption of affordable electric vehicles in Canada.
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The New Democratic Party (NDP) leader Jagmeet Singh announced the termination of a support agreement with Prime Minister Justin Trudeau's Liberal government, raising the possibility of an earlier federal election. This decision disrupts the stability of the minority government, which has relied on NDP support since 2022.
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The Bloc Quebecois secured a significant victory in the Lasalle-Emard-Verdun by-election, a seat previously held by the Liberal Party. This outcome raises questions about Prime Minister Trudeau's leadership as his party faces declining support ahead of the next federal election scheduled for late 2025.
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In a significant political setback, Prime Minister Justin Trudeau's Liberal Party lost the LaSalle-Emard-Verdun by-election to the Bloc Quebecois, marking their second defeat in three months. The Bloc's Louis-Philippe Sauve secured 28% of the vote, narrowly defeating Liberal candidate Laura Palestini, who garnered 27.2%. This loss raises questions about Trudeau's leadership ahead of the next federal election.