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China has explained that tariffs for Canadian agricultural and food products for the retaliation of Ottawa’s taxes will impose taxes for Chinese electric vehicles, which contributes to trade uncertainties that cloud the Canadian economy.
ChinaThe Ministry of Commerce on Saturday said that 100 percent tariffs for Canadian rapeseed oil and pea imports as well as a delivery of 25 percent to pork and some seafood imports.
It said it reacted to “discriminatory” tariffs of 100 percent to EVS and 25 percent to steel and aluminum, which Ottawa announced in August, which followed the United States.
In response to this, Beijing filed a complaint with the world trade organization and started an anti-dumping probe into Canadian imports of rapeseed products.
The tariffs will come into force on March 20 and contribute to the uncertainty for the Canadian export industry, whereby the Trump government threatens to prevent imports from its neighbor.
This week Trump Withdrawal to his threat However, forcing 25 percent tariffs on Mexico and Canada, however, kept the possibility that the measures raised in April were raised.
China is an important market for Canadian rapeed, a harvest that is also known as rapeseed. China bought Canadian RAPS products worth 3.5 billion USD, including oil and seeds and, according to the Canola Council of Canada, is the second largest market behind the USA.
Canadian politicians reacted to Trump’s threats by emphasizing the need to diversify from his main trading partner. However, the announcement of Beijing on Saturday underlines the limited options that are available to the country. China is Canada’s second largest trading partner, far behind the USA.
The Canadian Prime Minister Justin Trudeau accused China of “not playing according to the same rules” when he announced the tariffs for Chinese electric vehicles and metals in August. The cabin is one of the most important manufacturing sectors of Canada, with the plants supplying the US market.
