China has announced that it will impose additional tariffs on certain Canadian imports, escalating trade tensions between the two nations. Starting March 20, a 100% tariff will be applied to Canadian rapeseed oil, oil cakes, and peas, while aquatic products and pork will face an extra 25% tariff, according to the Customs Tariff Commission of the State Council.
This decision follows an anti-discrimination investigation that concluded Canada’s restrictive measures against some Chinese products have disrupted normal trade and harmed the legitimate rights and interests of Chinese businesses.
A spokesperson from the Ministry of Commerce stated that China strongly opposes Canada’s restrictions on imported electric vehicles, steel, and aluminum from China, which undermine economic and trade relations between the two countries.
In October last year, Canada announced a 100% surtax on imports of Chinese electric vehicles and a 25% tariff on steel and aluminum from China. China is urging Canada to correct these actions and lift the restrictions to restore normal trade relations.
Reference(s):
cgtn.com