What do you believe is the single most important factor driving up the cost of living in Nigeria?

Canadian Prime Minister Justin Trudeau announced Monday 100 percent tariffs on Chinese electric car imports, matching US measures seeking to fend off a flood of Chinese state-subsidized cars into North America.

Accusing China—one of the world's largest exporters of electric vehicles (EVs)—of "not playing by the same rules as other countries" in areas such as environmental and labor standards, he also unveiled a 25 percent surtax on imports of steel and aluminum products from China.

The United States and the European Union in recent months imposed tariffs on Chinese EVs of 100 percent and 38 percent, respectively.

Canada's auto manufacturing industry employs over 125,000 people, and Ottawa has poured billions of dollars into supporting its transition to electric vehicles, and firming up a domestic electric battery supply chain.

Its strategy—which has enticed Goodyear Tire, Honda, Stellantis, Volkswagen and others with subsidies—follows that of the neighboring United States, whose Inflation Reduction Act has provided a host of incentives for the green industry.

• Read More