Connect with us

    Hi, what are you looking for?

    News

    China to slap fresh tariffs on Canadian farm and food products

    national-flag-canada

    China announced on Saturday, March 8, that it would impose tariffs on Canadian imports, including rapeseed oil and pork, following an investigation into levies imposed by Ottawa on Chinese goods last year.

    Beijing’s commerce ministry stated that imported rapeseed oil, oil cakes, and peas from Canada would face a 100 percent tariff, while aquatic products and pork would be subject to a 25 percent levy. The new measures are set to take effect on March 20.

    The decision comes after Canada placed 100 percent tariffs on Chinese electric vehicle imports in August 2024, aligning with U.S. measures aimed at curbing the influx of state-subsidized Chinese cars into North America. Ottawa also introduced a surtax on steel and aluminum products from China.

    China’s commerce ministry claimed that its investigation found that Canada’s policies disrupted normal trade and harmed the legitimate rights of Chinese businesses.

    “China urges Canada to immediately correct its bad practices, lift its restrictive measures, and eliminate its negative effects,” a ministry spokesperson said.

    Canada is a leading producer of canola, which is processed into cooking oil, animal feed, and biodiesel fuel. China had previously been one of its largest buyers, but trade relations have deteriorated in recent years.

    Tensions between the two nations deepened in 2018 when Canada detained Meng Wanzhou, a senior executive at Huawei, leading to the retaliatory arrests of two Canadian nationals by Beijing.

    The latest tariffs also come amid escalating global trade tensions, with both Canada and China facing pressure from the United States, where President Donald Trump has introduced new trade restrictions targeting multiple countries.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Tech

    The 2025 edition of AI Forum Nigeria will convene leading figures in business, technology and government to deliberate on the growing shift toward artificial...

    Tech

    Facebook will be live at this year’s AprokoNation Fiesta – Y2K Edition, with immersive health and wellness experiences that celebrate creativity and connection. The...

    News

    AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has won the 2025 Microsoft Manufacturing Partner of the Year Award. The...

    E-Financial

    Kuda has launched its ‘Get more’ campaign, designed to help Nigerians make the switch to rewarding financial services. The campaign is the next phase...