Canada should 'prepare for the worst' if Biden's Build Back Better Act passes with EV tax credit: Ng
CTV
Canadians should 'prepare for the worst' if U.S. lawmakers decide to greenlight President Joe Biden's protectionist Build Back Better Act with the inclusion of the contentious electric vehicle tax credit, says International Trade Minister Mary Ng.
In an interview on CTV’s Question Period with Evan Solomon airing Sunday, Ng spoke to a letter she co-signed with Deputy Prime Minister Chrystia Freeland, which threatens retaliatory tariffs on the U.S. if the tax credit isn’t amended.
“What my hope is, is that we are not going to have to do this at all but what is really important is that Canada prepares for the worst,” she said.
Biden’s tax credit would give consumers up to $12,500 if they purchase a U.S. union-made electric vehicle.
The letter was sent to U.S. senate leadership late Friday evening, as another means to change the position of the Biden administration in favour of Canada’s auto sector.