Canada is mulling new tariffs on Chinese electric vehicles, in a move that would follow suit with levies recently imposed by both the U.S. and European Union. 

Speaking to reporters on June 24, Canada's finance minister Chrystia Freelund claimed that China has been "intentionally generating a global oversupply that undermines EV producers around the world," according to Reuters.

"We're not ruling anything out," she added. "We are bringing to bear our strongest trade action tools."

The U.S. and EU have both accused China of undercutting global markets with a flood of low-priced EVs subsidized by the Chinese government. In May, that saw the U.S. increase its tariffs on imported Chinese EVs from 25% to 100%. Less than a month later, the EU announced new tariffs of up to 38% on Chinese EVs.

Canada will next open a 30-day public consultation period on July 2 to weigh responses to any potential tariffs against China moving forward. Ontario premier Doug Ford previously called for levies to match the recent U.S. tariffs in a June 20 post on X, claiming that China has been taking advantage of "low labor standards and dirty energy."