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China announced that it would impose tariffs on Canadian agricultural and food products in retaliation due to the imposition of Ottawa on Chinese electric vehicles, adding to the insecurity trade in the darkening of the Canadian economy.
ChinaOn Saturday, the Ministry of Trade said it would impose 100 percent of tariffs on Canadian import of oil and peas made of rapeseed and a 25 -pork pork tax and some of seafood imports.
It has been said to respond to the “discriminatory” 100 percent on EV -U -in 25 percent on steel and aluminum, which Ottawa announced in August, which followed similar action by the USA.
In response, Beijing filed a complaint with the World Trade Organization and launched an anti -dumping probe in Canadian import of rapeseed products.
Tariffs will enter into force on March 20th and add uncertainty for the Canadian export industry, and Trump’s administration threatens to impose covered tariffs to import their neighbor.
This week, Trump withdrawn to his threat imposing 25 percent of the tariffs to Mexico and Canada, but retained the possibility of measures imposed in April.
China is an important market for Canadian rapeseed, the crop also known as canola. China bought $ 3.5 billion in canada cannol products, including oil and seed, making it the second largest market behind the US, according to the Canol Council of Canada Trade group.
Canadian politicians responded to Trump’s threats, emphasizing the need for diversification from their main shopping partner. But the announcement of Beijing on Saturday emphasizes the limited opportunities available to the country. China is the second largest Canadian trade partner, far behind the US.
Canadian Prime Minister Justin Trudeau accused China of “not playing under the same rules” when he announced Tariffs to Chinese EV and metals in August. Car making is one of the most important production sectors in Canada, and plants have supplied the US market.
