US Edition'Mercy of politics': Canadian farmers weigh plans as Chinese tariff hits canola price
China's 75.8% tariff on Canadian canola seed has caused at least $140 million in losses recently, forcing farmers to reconsider planting amid ongoing political trade tensions.
- A 75.8 per cent tariff imposed by China on Canadian canola seed has depressed the canola cash price, squeezing Canadian farmers' income.
- Beijing's anti-dumping probe began nearly a year earlier, and China's Ministry of Commerce argued Canadian companies dumped, framing duties partly as a response to Canada's 100 per cent electric vehicle tariff amid political strains.
- Analysts tally immediate losses at $800,000,000 linked to March tariffs and at least $140,000,000 in two weeks; the canola industry contributed $43 billion to Canada's economy last year and employs roughly 200,000 people.
- Farmers say they plan on growing canola next year, but acreage will depend on market forces and crop rotations, and this year's larger crop raises the stakes if China's tariffs persist.
- Ottawa says China has until September to decide on the canola duty, and China can extend the deadline by six months, prolonging uncertainty for Canada's second-largest importer.
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Regina Leader-PostReposted by 
Toronto Sun
Toronto Sun’Mercy of politics’: Canadian farmers weigh plans as Chinese tariff hits canola price
As Chinese tariffs on Canadian canola products continue to hamper the cash price of one of the country's most valuable crops, farming experts say producers have big decisions ahead of them.
·Regina, Canada
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'Mercy of politics': Canadian farmers weigh plans as Chinese tariff hits canola price (Business)
As Chinese tariffs on Canadian canola products continue to hamper the cash price of one of the country's most valuable crops, farming experts say producers have big decisions ahead of them. Market analyst Chuck Penner with LeftField Commodity Research said while future prices are down slightly, the ...
·Kelowna, Canada
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Winnipeg Free Press+23 Reposted by 23 other sources
'Mercy of politics': Canadian farmers weigh plans as Chinese tariff hits canola price
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Total News Sources38
Leaning Left16Leaning Right2Center5Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
C 22%
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