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Beijing says it will impose tariffs on Canadian agricultural and food products on revenge for Ottawa taxes in Chinese electric vehicles, aroused greater uncertainty over North American economy.
China’s Ministry of Trade on Saturday said it would impose 100 percent fees on Canadian oil and pea imports and a 25 percent tax on pork and some seafood imports.
She said she was responding to “discriminatory” fees of 100 percent in electric vehicles and 25 percent in steel and aluminum announced by Otava in August, which followed similar actions from the US
In response, Beijing filed a complaint with the World Trade Organization and launched an anti-dumping investigation into Canadian imports of Rapa products.
Tariffs will come into force on March 20 and will add uncertainty to Canada’s export industries, with the Trump administration threatening to impose blankets for imports from its neighbor.
This week, Trump withdrew from his threat to impose 25 percent tariffs in Mexico and Canada, but held the possibility of measures imposed in April.
China is an important market for the Canadian rapeseed, a culture also known as Canola. China bought Canadian products worth $ 3.5 billion, including oil and seeds, making it the largest market after the US, according to Canada Council trade group Canola.
Canadian politicians have responded to Trump’s threats by emphasizing the need to diversify away from his main trading partner. But Beijing’s announcement on Saturday underlines the limited options available to the country. China is Canada’s second largest trading partner, far from the US.
Canadian Prime Minister Justin Trudeau accused China of “not playing the same rules” when he announced fees for EV and Chinese metals in August. Carmaking is one of the most important sectors of Canada production, with plants supplying the US market.
