Beijing says it will impose tariffs on Canadian agricultural and food products in retaliation for Ottawa’s levies on Chinese electric vehicles, stoking greater uncertainty over the North American country’s economy.
China’s commerce ministry on Saturday said it would impose 100 per cent tariffs on Canadian rapeseed oil and pea imports and a 25 per cent levy on pork and some seafood imports.
It said it was responding to “discriminatory” tariffs of 100 per cent on electric vehicles and 25 per cent on steel and aluminium that Ottawa announced in August, which followed similar actions by the US.
In response, Beijing filed a complaint with the World Trade Organization and launched an anti-dumping probe into Canadian imports of rapeseed products.
China is an important market for Canadian rapeseed, a crop also known as canola. China bought $3.5bn worth of Canadian canola products, including oil and seeds, making it the largest market behind the US, according to the Canola Council of Canada trade group.
Canadian Prime Minister Justin Trudeau accused China of “not playing by the same rules” when he announced the tariffs on Chinese EVs and metals in August. Carmaking is one of Canada’s most important manufacturing sectors, with plants supplying the US market.
My understanding is that we obligated Japanese & Korean auto makers to open some plants in Canada/NAFTA/USMCA in order to gain access to our market. I don’t see why the requirements should be any different for Chinese automakers.
I think the tariffs we applied to BYD were different because China bad and it was done to placate the USA. I don’t think we should single out China to placate America (especially if it doesn’t work).