Canada to impose 100 tariffs on Chinesemade EVs
Canada also announces 25 tariff on Chinese steel
PM Trudeau says more punitive measures possible
Tesla shares down over 3 after announcement
Announcement follows similar move from United States

OTTAWA, Aug 26 Reuters Canada, following the lead of the United States, on Monday said it would impose a 100 tariff on the import of Chinese electric vehicles and also announced a 25 tariff on imported steel and aluminum from China.

Prime Minister Justin Trudeau said Ottawa was acting to counter what he called China39;s intentional, statedirected policy of overcapacity. But he did not specify if tariffs will be softened or will be the same on Tesla, whose shares were down over 3 on Monday after the announcement.

I think we all know that China is not playing by the same rules, he told reporters. The tariffs will be imposed starting Oct. 1 this year.

What is important about this is we39;re doing it in alignment and in parallel with other economies around the world, Trudeau said on the sidelines of a threeday closeddoor cabinet meeting in Halifax, Nova Scotia.

The Chinese embassy in Ottawa was not immediately available for comment.

Ottawa will continue to work with the United States and other allies to ensure that customers around the world are not unfairly penalized by non market practices of countries such as China, Trudeau said.

Ottawa is also looking at further punitive measures such as tariffs on chips and solar cells,…