Overview
- China's tariffs include a 100% levy on Canadian canola oil, oil cakes, and peas, and a 25% levy on pork and aquatic products, impacting $3.7 billion worth of goods.
- The tariffs are a response to Canada's 2024 levies on Chinese electric vehicles, steel, and aluminum, which Beijing claims violated WTO rules.
- Canadian canola farmers, who rely heavily on China as their second-largest export market, face plummeting prices and significant financial losses just weeks before planting season.
- Industry leaders and provincial representatives are urging the Canadian government to engage diplomatically with China and provide financial compensation to affected farmers.
- This trade conflict exacerbates Canada's strained relations with China, rooted in past geopolitical tensions, and adds to growing uncertainty from U.S. tariff threats.