China Launches Anti-Dumping Probe on Canadian Canola
The investigation follows Canada's imposition of tariffs on Chinese electric vehicles, escalating trade tensions between the two nations.
- China's Ministry of Commerce announced an anti-dumping investigation into Canadian canola imports, citing unfair competition.
- Canada recently imposed a 100% tariff on Chinese electric vehicles and a 25% tariff on steel and aluminum.
- China plans to take the issue to the World Trade Organization and may also investigate Canadian chemical products.
- More than half of Canada's canola production is exported to China, valued at $3.47 billion in 2023.
- Previous trade tensions between the two countries have also involved canola, with China suspending Canadian exports in 2019.