In a recent move, China will introduce additional tariffs on select Canadian imports starting March 20, according to the Customs Tariff Commission of the State Council.
The new measures include a 100 percent additional tariff on Canadian rapeseed oil, oil cakes, and peas. Additionally, aquatic products and pork imported from Canada will face a 25 percent surge in tariffs.
This development is expected to impact trade relations between the two nations, affecting both consumers and businesses reliant on these Canadian exports. Stakeholders are closely monitoring the situation to assess the broader implications for the global market.
Reference(s):
cgtn.com
