CHINA will start an anti-dumping probe into Canada’s rapeseed imports, with trade tensions escalating after Justin Trudeau’s government imposed tariffs on Chinese-made electric vehicles (EVs), steel and aluminium. #TariffsFromChina
China is initiating measures in response to Canada’s recent restrictive actions, as stated by the Ministry of Commerce. The Asian nation will take all necessary steps to protect the legitimate rights and interests of Chinese companies. This approach highlights China’s commitment to defending its economic interests.
Last month, Canada imposed a 100% levy on electric cars and a 25% levy on steel and aluminum. This move aims to protect domestic manufacturers and aligns Canada with Western allies. Rapeseed, used for cooking oil and industrial purposes, is a key commodity for China, the world’s second-largest importer.
More than 90 per cent of China’s total rapeseed imports last year were from Canada, totalling 5.15 million tonnes, according to Chinese customs data. The variety of the crop grown in Canada is also known as canola.
China has targeted Canada’s trade before, halting shipments of canola in 2019 following the arrest of a top Huawei Technologies executive in Vancouver on an American extradition request. The Asian nation has recently launched other probes, including into dairy imports from the European Union.
Canada’s rapeseed shipments were suspected of dumping and such unfair trade practices have caused losses locally, the ministry said, citing an appeal from the domestic sector.
Furthermore, the probe underscores the impact of tariffs from China on global markets. As China scrutinizes Canadian canola, other countries might also face similar measures. #TariffsFromChina
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