On March 8, China announced its latest trade retaliation against Canada, imposing additional tariffs on a range of imported goods, including canola oil, pork and seafood.
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The move comes after Beijing launched an investigation into tariffs Canada will impose on Chinese goods in 2024. (Source: Japan Times) |
The new tariffs, which took effect on March 20, include a 100 percent import tax on rapeseed oil, oilseed meal and peas, and a 25 percent tax on aquatic products and pork, according to China's Ministry of Finance.
China's Ministry of Finance asserted that Canada seriously violated World Trade Organization (WTO) regulations through protectionism and discriminatory measures that harmed Beijing's interests.
In August 2024, Canada imposed a 100% export tariff on electric vehicles made in China and a 25% tariff on steel and aluminum imported from China. Then, in September 2024, Beijing launched an anti-discrimination investigation into Canada.
Canada is the world’s top canola producer and China has been one of Ottawa’s biggest buyers. The new tariffs come as both countries are embroiled in a growing trade conflict with the United States.
Source: https://baoquocte.vn/trung-quoc-manh-tay-voi-canada-ap-thue-100-len-dau-hat-cai-306870.html
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