China has announced a 100% tariff on Canadian agricultural products and a 25% tariff on aquatic goods in response to Ottawa’s import duties on Chinese-made electric vehicles, steel, and aluminum.
This is according to a statement on Saturday from China’s Customs Tariff Commission of the State Council and will take effect from March 20, 2025.
“Beijing will impose a 100% tariff on Canadian rapeseed oil, oil cakes, and peas.
“Additionally, a 25% levy will apply to aquatic products and pork from Canada. The new tariffs will take effect on March 20,” the statement reads.
The move comes amid escalating trade tensions with recent tariff measures imposed by the U.S., China, Canada, and Mexico.
Canada implemented a 100% tariff on Chinese electric vehicles from October 1 last year, aligning with similar actions taken by the U.S. and the European Union over competition concerns. Ottawa also enforced a 25% tariff on Chinese steel and aluminum imports starting October 15.
“Canada’s unilateral imposition of tariffs disregards objective facts and World Trade Organization rules, is a typical trade protectionist practice, constitutes a discriminatory measure against China, seriously infringes on China’s legitimate rights and interests, and undermines China-Canada economic and trade relations,” China’s customs authorities said in a statement on Saturday, according to a Google translation.
The post China Retaliates, Imposes 100% Tariff On Canadian Agriculture, 25% On Aquatic Goods appeared first on TheNigeriaLawyer.