China has announced retaliatory tariffs on Canadian agricultural products in response to Canada’s earlier imposition of duties on Chinese-made electric vehicles, steel, and aluminum products.
Beijing said the new Chinese tariffs, effective March 20, will impose a 100% duty on Canadian rapeseed oil, oil cakes, and peas, and a 25% duty on aquatic products and pork.
This escalation is part of a growing trade dispute, with recent tariff measures from the U.S., China, Canada, and Mexico adding to global market uncertainty.