‘Maximum impact’: Chinese canola tariffs slap producers at worst possible time
- Chinese tariffs on Canadian agricultural products, including rapeseed oil and pork, went into effect on Thursday, causing a "devastating impact" on farmers according to Chris Davison, President of the Canola Council of Canada.
- The new tariffs include a 100 percent surcharge on rapeseed oil, oil cakes, and peas imported from Canada, with pork facing a 25 percent levy.
- Beijing's commerce ministry claims that Canadian policies disrupted trade and harmed the interests of Chinese enterprises.
- Canada and China are experiencing deepening trade tensions, further intensified by recent tariffs imposed by Canada on Chinese electric vehicle imports and steel products.
47 Articles
47 Articles
Chinese Tariffs on $3.7 Billion Worth of Canadian Goods Take Effect
Chinese tariffs on $3.7 billion of Canadian agricultural goods and food products took effect on March 20, several months after Canada imposed tariffs on Chinese electric vehicles (EVs) and metals. The Chinese tariffs were implemented shortly after midnight, imposing a 100 percent levy on Canadian imports of canola oil, oil cakes, and peas, along with a 25 percent tax on pork and seafood products. Beijing first announced the levies on March 8, fo…
Trade War: Beijing activates customs duties on Canadian canola oil
In Canada, producers, already weakened by U.S. tariffs, are now facing a new offensive: China's. Since Thursday, March 20, Beijing has imposed severe tariffs on agricultural products, including canola oil, in retaliation for Canadian taxes on Chinese electric vehicles, a measure that could have a "destructive effect" on the sector, according to a Canadian professional organization.
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