Priyanka Tiwari
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Beijing revealed on Saturday that it will impose tariffs on Canadian agricultural goods and food products in retaliation to the new Canadian tariffs on Chinese made electric vehicles as well as steel and aluminum goods. Ottawa introduced these new tariffs in October.
Canadian and Chinese trade relations have treated fought inflation for some of Donald Trump’s tariffs on Canada, Mexico, and China which has also fueled protectionist policies on other countries. These tariffs from the Canadian department of commerce will come into effect on March 20.
According to the statement given by the ministry, China will impose 100% tariffs on Canadian rapeseed oil, oil cakes, and pea imports. In addition, a 25% duty will be retained for Canadian aquatic products as well as Canadian pork.
The statement from the Canadian prime minister’s office further indicated that Chinese made electric vehicles will be subjected to a ***100%*** tariff along with a 25% tariff on aluminum and steel. The statement claimed that such tactics as these are a blatant violation of world trade organization rules. In addition to claiming that these moves are highly discriminatory on China and protect their legal interests, these moves were stated to be heavily fueled by protectionist measures.
Canadian Prime Minister Justin Trudeau stated in August that these tariffs were added to counter what was deemed as intentional policies by China designed to overproduce goods, following the stance of the United States and the European Union who have also imposed tariff on Chinese electric vehicles.
Following the United States, China ranks as the second largest trading partner of Canada.
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