China Imposes Retaliatory Tariffs on Canadian Agricultural Products
China has announced retaliatory tariffs on Canadian agricultural and food products, escalating trade tensions between the two nations. Effective March 20, 2025, these measures include a 100% tariff on Canadian rapeseed oil, oil cakes, and peas, as well as a 25% tariff on pork and aquatic products.
This move comes in response to Canada’s October 2024 imposition of a 100% surtax on Chinese-made electric vehicles and a 25% tariff on steel and aluminum imports, actions that Canada justified as necessary to protect domestic industries from unfair competition due to Chinese subsidies.
The escalating trade measures have raised concerns about a broader trade war, with potential implications for global markets and economies. The agricultural sectors in both countries are particularly vulnerable, as these tariffs directly target key export commodities.
