China Announces New Tariffs on Canadian Agricultural and Food Products
The move comes in retaliation for Canada's duties on Chinese electric vehicles, steel, and aluminum imposed last year.
- China will impose 100% tariffs on Canadian rapeseed oil, oil cakes, and peas, and 25% tariffs on aquatic products and pork starting March 20.
- The tariffs are a response to Canada's October 2024 import duties on Chinese-made electric vehicles and steel and aluminum products.
- Canada's measures were reportedly introduced to counter China's state-subsidized overcapacity, following similar actions by the U.S. and EU.
- China's commerce ministry claims Canada's tariffs violate World Trade Organization rules and harm Chinese enterprises' interests.
- Canada is a leading producer of canola, a key export to China, but trade relations have been strained in recent years due to diplomatic tensions.