
China has announced retaliatory tariffs on certain Canadian agricultural and food imports, effective March 20, in response to Canada’s duties imposed in October on Chinese-made electric vehicles, steel, and aluminum products. The new Chinese tariffs include a 100% duty on Canadian rapeseed oil, oil cakes, and peas, along with a 25% tariff on pork and aquatic products.
This escalation adds to the already heightened global trade tensions, with recent rounds of tariff announcements involving the United States, China, Canada, and Mexico. China’s decision follows an anti-discrimination probe that concluded Canada’s trade measures disrupted normal trade and harmed the legitimate rights and interests of Chinese enterprises.
Canada’s initial tariffs on Chinese goods were part of a series of similar actions by Western governments, citing unfair advantages due to China’s subsidies. The ongoing tit-for-tat measures between these nations contribute to the uncertainty in global trade relations, affecting various industries and markets worldwide.
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China imposes retaliatory tariffs on Canadian farm and food products