March 8, 2025 - 21:47
In a significant escalation of trade tensions, China has announced new tariffs on various Canadian farm and food products. This decision comes in response to Canada’s imposition of duties on Chinese electric vehicles, steel, and aluminum earlier this year. The new tariffs, which will take effect on March 20, include a staggering 100% duty on Canadian rapeseed oil, oil cakes, and peas. Additionally, a 25% tariff will be applied to pork and aquatic products imported from Canada.
This move signals a deepening rift between the two nations, as both countries navigate a complex web of trade relations. The Canadian government has expressed concerns over the impact these tariffs may have on its agricultural sector, which relies heavily on exports. Industry leaders are now bracing for potential repercussions as they assess the long-term implications of this trade dispute. As the situation unfolds, both governments are likely to face mounting pressure to find a resolution.
