China Announced Tariffs on Over $ 2.6 billion Worth of Canadian Agricultural and Food Products on Saturday, retaliating Against Levies Ottawa in October and Opening a New Front In a Trade War Lorgly. by US President Donald Trump’s Tariff Threats.
The levies, Announced by the commerce ministry and scheduled to take effect on march 20, match Months ago.
By Excluding Canola, which is also known as raplessed, and was one of canada’s top exports to the world’s no.1 Agricultural Importer Pror Pror Investigating IT for anti-Dumping Last Year, Beijing May. Door open for trade talks.
But the tariffs also serve as a warning shot, analysts say, He has slapped on chinese goods over fentanyl flows.
“Canada’s Measures Seriously Violate World Trade Organization Rules, Constitute A Typical Act of Protectionism and Are Discriminatory Measures That Sevelli Harm China’s Legitimate Rights and Institution,” Said in a statement.
China Will Apply A 100% Tariff To Just Over $ 1 billion of Canadian Rapesed Oil, Oil Cakes and Pea Imports, and A 25% Duty on $ 1.6 billion Worth of Canadian Aquatic Produsts and Park.
“The timing may serve as a warning shot,” Said Dan Wang, China Director at Eurasia Group in Singapore. “By striking now, china reminds canada of the cost of aligning too closely with American Trade Policy.”
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“China’s delayed Response (to ottawa’s october tariffs) likely reflects both capacity constraints and strategic signalling,” she added. “The commerce ministry is stretched thin, juggling trade disputes with the us and European union.”
“Canada, A Lower Priority, Had to Wait Its Turn.”
The Canadian Embassy in Beijing Did Not Immediately Respond to a Reuters Request for Comment.
Canadian Prime Minister Justin Trudeau Said in August That Ottawa was imposing the levies to counter what he called China’s intentional state-of-control of policy of over -acity, follow the led Union, both of which have also applied Import Levies to Chinese-Made EVS.
In response, china in September Launched an Anti-Dumping Investigation into Canadian Canola Imports. More than Half of Canada’s Canola Exports Go to China and the trade was worth $ 3.7 billion in 2023, according to the canola council of canada.
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“The Investigation on Canadian Canola is still onongoing. That canola was not just in the list of tariffs this time might also be a gesture to leave room for negotiations, “Said Rosa Wang, analyst with Agricultural Consultanky Jci.
Beijing could also be hoping that is a change in government in ottawa makes it more amenable. Canada’s Next National Election Must Be Held by October 20.
China is Canada’s Second-Largest Trading Partner, Trailing Far Behind The United States. Canada exported $ 47 billion world of goods to the world’s second-largest economy in 2024, according to chinese customs data.
“To be honest I don’t understand why they are doing this one at all,” Said Eve Pay, Agriculture Analyst at Trivium China.
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“I expect beijing will use the elections and change of leader as an oportunity to reset relationships as they did with australia,” she added.
China in 2020 intimate a series of tariffs, bans and other restrictions on key australian exports, including barley, wine, beef, coal, lobster in lobster and retaliation to Canaberra for a covid.
Beijing did not begin lifting the bans until 2023, one year after australian prime minister anthony albanese Ooused scott morrow, who had called for the inquiry.