• bitcoinBitcoin(BTC)$80,989.00-0.30%
  • ethereumEthereum(ETH)$2,622.69-0.24%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$758.01-0.71%
  • rippleXRP(XRP)$1.40-0.06%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$110.18-2.71%
  • tronTRON(TRX)$0.3396790.35%
  • zcashZcash(ZEC)$1,471.63-2.03%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.02-1.22%
  • HyperliquidHyperliquid(HYPE)$91.25-0.74%
  • dogecoinDogecoin(DOGE)$0.086970-1.51%
  • moneroMonero(XMR)$535.41-5.99%
  • whitebitWhiteBIT Coin(WBT)$82.65-0.78%
  • RainRain(RAIN)$0.0137882.07%
  • USDSUSDS(USDS)$1.00-0.03%
  • chainlinkChainlink(LINK)$12.31-0.62%
  • cardanoCardano(ADA)$0.2258400.36%
  • leo-tokenLEO Token(LEO)$8.90-0.09%
  • stellarStellar(XLM)$0.1941170.10%
  • uniswapUniswap(UNI)$8.47-5.79%
  • bitcoin-cashBitcoin Cash(BCH)$250.81-2.92%
  • Ethena USDeEthena USDe(USDE)$1.00-0.02%
  • nearNEAR Protocol(NEAR)$3.54-4.67%
  • daiDai(DAI)$1.00-0.02%
  • litecoinLitecoin(LTC)$56.94-0.09%
  • USD1USD1(USD1)$1.00-0.02%
  • CantonCanton(CC)$0.108714-2.02%
  • avalanche-2Avalanche(AVAX)$9.6416.86%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.38-0.21%
  • hedera-hashgraphHedera(HBAR)$0.0803801.67%
  • suiSui(SUI)$0.853.79%
  • MemeCoreMemeCore(M)$1.4811.58%
  • Global DollarGlobal Dollar(USDG)$1.00-0.01%
  • shiba-inuShiba Inu(SHIB)$0.000005-0.98%
  • BittensorBittensor(TAO)$261.544.91%
  • crypto-com-chainCronos(CRO)$0.058994-1.59%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.03%
  • tether-goldTether Gold(XAUT)$4,372.62-0.09%
  • Circle USYCCircle USYC(USYC)$1.140.00%
  • okbOKB(OKB)$117.120.23%
  • Ripple USDRipple USD(RLUSD)$1.00-0.01%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.14-0.41%
  • aaveAave(AAVE)$139.650.73%
  • AsterAster(ASTER)$0.76-0.48%
  • mantleMantle(MNT)$0.62-0.74%
  • EthenaEthena(ENA)$0.20038318.39%
  • OndoOndo(ONDO)$0.4126343.43%
  • Pump.funPump.fun(PUMP)$0.004144-5.69%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Canada bars Tesla from future EV rebate programs, freezes payments amid Trump tariff war

March 26, 2025
in Business
Reading Time: 3 mins read
A A
Canada bars Tesla from future EV rebate programs, freezes payments amid Trump tariff war
ShareShareShareShareShare

Canada has banned cars made by Elon Musk’s Tesla from future electric vehicle rebate programs as the country engages in a tit-for-tat trade dispute with President Trump, the country’s transport minister Chrystia Freeland said.

YOU MAY ALSO LIKE

California entrepreneur warns billionaire wealth tax could trigger ‘giant sucking sound’ of business exits

Frozen food giant shuts California factory, eliminating 260 jobs

Freeland said on Tuesday that Tesla vehicles would not be eligible for the rebate program so long as “illegitimate and illegal U.S. tariffs are imposed against Canada.”

Aside from barring Tesla from future incentive programs, Canada is also investigating a flurry of rebate claims made by the automaker shortly before the country shuttered an existing rebate program, according to Freeland’s statement obtained by Reuters.

Tesla vehicles are barred from future EV rebate programs in Canada. REUTERS

In total, Canada froze C$43 million ($30.11 million) in pending payments to Tesla.

Freeland said that the payments won’t be complete until each submissions is reviewed and determined to be valid.

In January, Canada shuttered the current version of its rebate program – which offered payments of up to $5,000 toward the purchase of electric vehicles – due to a lack of funds.

Tesla sellers submitted a wave of claims just before the program ended, with one dealership in Quebec City seeking nearly C$20 million ($14 billion) in subsidies.

That would equate to 4,000 vehicle sales in a single weekend, a huge number that sparked suspicion for officials.

The Toronto Star was first to report on the rebate claims.

Representatives for Tesla did not immediately return The Post’s request for comment.

Elon Musk has worked closely with the Trump administration. REUTERS

The move is more bad news for Musk, who has drawn heavy scrutiny in recent months for his work leading the Trump-backed Department of Government Efficiency. He has also served as a key adviser for Trump, who slapped 25% tariffs on goods imported from Canada and Mexico.

Tesla dealerships around the US have contended with a wave of vandalism and arson incidents, leading top Trump administration officials to warn that such actions would be treated as domestic terrorism.

Experts have pointed to Tesla and other US automakers as among those likely to be hit hardest by Trump’s tariff battle – in part because nearly every part of their supply chains, from material sourcing and production to sales, is impacted.

Tesla pushed the Trump administration to consider the impact that escalating tariffs would have on US companies in a letter to the office of the US Trade Representative earlier this month.

Canada’s Transport Minister Chrystia Freeland said the decision would remain in place as long as Trump maintained tariffs. REUTERS

At the time, Tesla warned it could be “exposed” to “disproportionate impacts” as countries imposed retaliatory tariffs.

“For example, past trade actions by the United States have resulted in immediate reactions by the targeted countries, including increased tariffs on EVs imported into those countries,” Tesla said.

Negative effects included higher manufacturing costs for Tesla vehicles built in the US as well as higher costs for its exported vehicles sold overseas.

With Post wires

Credit: Source link

ShareTweetSendSharePin

Related Posts

California entrepreneur warns billionaire wealth tax could trigger ‘giant sucking sound’ of business exits
Business

California entrepreneur warns billionaire wealth tax could trigger ‘giant sucking sound’ of business exits

September 19, 2026
Frozen food giant shuts California factory, eliminating 260 jobs
Business

Frozen food giant shuts California factory, eliminating 260 jobs

September 19, 2026
Paramount, California AG Rob Bonta hold advanced settlement talks: report
Business

Paramount, California AG Rob Bonta hold advanced settlement talks: report

September 18, 2026
Ryanair CEO apologizes for comparing European airline rivals to ‘rapists’ in wild rant
Business

Ryanair CEO apologizes for comparing European airline rivals to ‘rapists’ in wild rant

September 18, 2026
Next Post
Dollar Tree Is Selling Family Dollar for  Billion – The New York Times

Dollar Tree Is Selling Family Dollar for $1 Billion - The New York Times

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Former Bush & Clinton chiefs of staff push to preserve memory of 9/11 for young Americans

Former Bush & Clinton chiefs of staff push to preserve memory of 9/11 for young Americans

September 14, 2026
Drone attacks escalate in war with Ukraine

Drone attacks escalate in war with Ukraine

September 17, 2026
Iran-Backed Houthis Take Effective Control of Key Red Sea Chokepoint – WSJ

Iran-Backed Houthis Take Effective Control of Key Red Sea Chokepoint – WSJ

September 13, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!