China Strikes Back: Retaliatory Tariffs Slam Canadian Farm & Food Exports

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In a bold counter-move amid escalating global trade tensions, China announced new tariffs on Canadian farm and food products, effective March 20. The retaliatory measures come after Canada imposed hefty duties last October on Chinese-made electric vehicles, steel, and aluminum.

According to a statement from the Customs Tariff Commission of the State Council, China will hit Canadian rapeseed oil, oil cakes, and peas with an additional 100% tariff, while pork and aquatic products will face an extra 25% duty. The move is China’s response to what it describes as Canada’s "unilateral restrictive measures" that have disrupted normal trade and harmed Chinese enterprises.

These new tariffs add another twist to the global trade saga, as tensions continue to simmer between major economies. With rounds of tariff announcements already making headlines in the U.S., Europe, and Mexico, China’s latest action underscores the high stakes in this international tug-of-war.

Stay tuned as we follow this unfolding trade drama, where every tariff has the potential to reshape global markets and redefine economic relationships.

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