China retaliates with steep tariffs on Canadian goods
The Ministry of Finance in Beijing has announced the imposition of tariffs on Canadian agricultural products. This decision comes after an investigation into the tariffs imposed by Ottawa on, among other things, electric cars manufactured in China.
The 100 percent tariff will apply to canola oil, cakes, and common peas, while a 25 percent tariff will be imposed on seafood and pork. These measures are set to take effect beginning March 19, as informed by the Tariff Commission of the State Council of the People's Republic of China.
China's reaction to Canada's actions
At the end of last year, Canadian authorities announced a 100 percent tariff on electric cars manufactured in China and a 25 percent tariff on steel and aluminium from that country.
The Ministry of Commerce in Beijing stated that the investigation determined that Canada’s actions "disrupt normal trade order and harm the legitimate rights and interests of Chinese enterprises."
In a separate statement, the Ministry of Finance described Canada’s policy as a "clear example of unilateralism and trade protectionism," which "discriminates" against Chinese enterprises. "We urge Canada to rectify its wrongdoings immediately, lift restrictive measures and eliminate their adverse effects," stated the Ministry of Finance.
