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Fears of trade war escalate as Honda unveils home of new EV supply chain plant [Video]

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Canadian Economy and Markets

Fears of trade war escalate as Honda unveils home of new EV supply chain plant

Honda has selected Port Colborne, Ont., as the future site of a lithium ion separator plant, the first of its kind in Canada and a key part of the country’s multibillion-dollar electric vehicle supply chain.

The news coincides with the U.S. slapping heavy tariffs on Chinese electric cars, batteries, and minerals used to make those batteries.

Mike Drolet explains what’s behind the White House’s decision, what it will likely mean for Canada and the broader ripple effects of a trade war.

For more info, please go to https://globalnews.ca/news/10494590/justin-trudeau-canada-ev-batteries/
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