Beijing:
China on Saturday announced tariffs on Canadian agriculture and food products over $ 2.6 billion, opening a new front in a massive trade war by vengeance against Levi Ottawa and US President Donald Trump’s tariff threats.
The announcement was announced by the Ministry of Commerce and the levy, which was implemented on 20 March, corresponds to 100% and 25% import duties slapped on electric vehicles manufactured by China and steel and aluminum products four months ago.
Except canola, also known as rapeseed, and before China was one of the top exports of Canada for the world number 1 agricultural importer before China, checking it for anti-dumping last year, the door could keep the door open for the Beijing trade talks.
But tariffs also serve as a warning shot, analysts say the Trump administration has indicated that it may reduce 25% import levy, the White House is threatening Canada and Mexico if they apply the same additional 20% of the duties that they have slapped on Chinese goods on Fentaneel flow.
The Commerce Ministry said in a statement, “Canada measures seriously violate the rules of the World Trade Organization, perform a specific work of protectionism and are discriminatory measures that severely harm China’s legitimate rights and interests.”
China will apply 100% tariffs for Canadian rapeseed oil, oil cake and pea imports to more than just $ 1 billion imports, and 25% duty on Canadian aquatic products and pork worth $ 1.6 billion.
“Time can serve as a warning shot,” said Dan Wang, a Chinese director in the Eurasia Group in Singapore. “Now by striking, China reminds Canada of very closely aligning with the American trade policy.”
“The possibility of China’s delayed response (for the October tariff of Ottawa) reflects both ability and strategic signaling,” he said, “he said. “The Ministry of Commerce is thinning, juggling trade disputes with the US and the European Union.”
“Canada, a low priority, had to wait for your turn.”
The Canadian Embassy in Beijing did not immediately respond to the request of a Reuters for comments.
Canadian Prime Minister Justin Trudeau stated in August that Ottawa was implementing the levy to combat China’s deliberate-directed policy after the United States and the European Union leadership, both have also implemented imports for Chinese-made EVS.
In response, China began an anti-dumping investigation into Canadian canola imports in September. More than half of Canada’s canola exports go to China and according to Canada’s Canla Council, trade in 2023 was $ 3.7 billion.
Rosa Wang, an analyst of Agricultural Consultancy JCI, said, “The investigation on Canadian Canola is still going on. Canola was not included in the tariff list, this time may also be a sign of leaving a place for talks.”
Beijing can also expect that the change in the government in Ottawa makes it more responsible. Canada’s next national election should be held till 20 October.
China is the second largest trading partner in Canada, which is far behind the United States. According to Chinese customs data, Canada exported $ 47 billion to the world’s second largest economy in 2024.
The trivium China’s agricultural analyst also said, “I do not understand why they are doing this.”
He said, “I hope Beijing will use the election and the leader’s change, as he said as an opportunity to reset the relationship with Australia.”
In 2020, China introduced a series of tariffs, restrictions and other sanctions on major Australian exports, including Canberra’s vengeance include barley, wine, beef, coal, lobster, and wood, calling for a Kovid original investigation.
A year after Australian Prime Minister Anthony Albanis excluded Scott Morrison, Beijing did not start lifting until 2023, who had called for investigation.
(Tagstotransite) Canada-China Relations (T) Canada-China Relations (T) Donald Trump (T) Donald Trump Tarifs
