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4.1.6 Restrictions on free trade

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Question 2

In August 2024, Canada announced a 25% tariff on electric vehicle (EV) battery imports from foreign manufacturers to protect its domestic battery production industry.

Explain the likely impact of this tariff on Canada's domestic EV battery market.

Tariff Diagram

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4.1.6 Restrictions on free trade Questions

  1. A Level
  2. /Economics
  3. /4.1.6 Restrictions on free trade