Particle.news
Download on the App Store
4 ARTICLES
·
last mo.

China Enforces Retaliatory Tariffs on Canadian Agricultural Products

The new tariffs, targeting canola oil, pork, and seafood, intensify trade tensions and threaten the economic stability of Canadian farmers already grappling with U.S. trade disputes.

Canola blooms in farm fields near La Salle, Manitoba, Canada, July 28, 2022. REUTERS/Shannon VanRaes/File Photo
Cooking oils made from canola from Canada for sale at a Chicago grocery store in April 2022
Canola fields are pictured near Cremona, Alta., Monday, July 15, 2024.
A newly planted canola field near Davidson, Saskatchewan, Canada in May 2023. Farmers are wavering on what to plant now after major buyer China slapped tariffs on Canadian canola

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.