China’s new tariffs on Canadian agricultural products, including rapeseed oil and pork, are now in effect. The 100% tariffs on rapeseed oil, oil cakes, and peas, as well as a 25% levy on pork and aquatic products, were implemented following a Chinese investigation into Canadian duties on Chinese imports last year.
Impact on Canada’s Agricultural Sector
This move impacts Canada’s agricultural sector significantly, given its status as a major global producer of canola, a type of rapeseed utilized for cooking oil, animal feed, and biodiesel. China has historically been a key customer for these Canadian exports.
Trade Tensions Escalate
The tariff imposition is part of escalating trade tensions, coinciding with recent Canadian tariffs on Chinese electric vehicle imports and additional duties on steel and aluminum. These actions are part of broader geopolitical strains involving trade relations between China, Canada, and the United States.
- 100% tariffs on rapeseed oil, oil cakes, and peas
- 25% levy on pork and aquatic products
Canadian agricultural industry representatives have expressed concern about the economic impact of these tariffs, underlining the urgency for diplomatic engagement to mitigate potential damage to the sector.
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