On March 8, China announced retaliatory tariffs on some agricultural products of Canada, in response to Ottawa imposing import tariffs on electric vehicles and Chinese-made steel and aluminum products.
Beijing announces 100% tariffs on Canada's canola, dried, and peanut oils. In addition, China will impose a 25% tariff on seafood and pork products originating from Canada.
According to the announcement of the China Customs Tax Committee to the State Council of the country, the new tax rate on Canadian goods is expected to take effect from March 20.
The new measures were announced by China in the context of an increasingly complex trade conflict between countries, with some tax announcements from the US, China, Canada and Mexico in recent months.
Canada has imposed a 100% import tax on Chinese-made electric vehicles since October 1, 2024, following a move by the US and EU, due to concerns about unfair competition.
Canada also imposes a 25% tax on steel and aluminum imports from China, effective from October 15, 2024.
