China has retaliated against Canada’s import duties on Chinese electric vehicles, steel, and aluminum by imposing a 100% tariff on Canadian agricultural products and a 25% levy on aquatic goods. The new tariffs, announced by China’s Customs Tariff Commission of the State Council, will take effect on March 20, 2025.
The measures target key Canadian exports, including rapeseed oil, oil cakes, peas, pork, and aquatic products. This escalation follows Canada’s implementation of a 100% tariff on Chinese electric vehicles in October 2023 and a 25% duty on Chinese steel and aluminum imports starting October 15.
China criticized Canada’s actions as “trade protectionist” and a violation of World Trade Organization rules, claiming they harm bilateral economic relations. The move reflects growing trade tensions between major economies, including the U.S., EU, and China, as they compete for dominance in global markets.
The tariffs could significantly impact Canadian farmers and exporters, who rely heavily on China as a major trading partner. Meanwhile, Beijing’s decision underscores its commitment to protecting its industries amid rising global trade disputes.
This development marks another chapter in the ongoing trade war, with potential repercussions for global supply chains and international trade relations. Stakeholders are closely monitoring the situation as tensions between China and Canada continue to escalate.