On Saturday, China announced tariffs for Canadian agricultural and food products, he will take revenge against the fees that Ottawa introduced in October in Chinese electric vehicles, steel and aluminum products.
The tariffs announced by the Ministry of Trade, which entered into force on March 20, add a new front to the trade war, largely by US President Donald Trump, the tariffs in Canada, Mexico and China, and threat to protectiveistic means for other nations.
China will use a 100 % tariff for Canadian rapeseed oil, oil cakes and the import of peas and a 25 -percentage duty on Canadian water products and pork, said the ministry in a statement.
100 percent duties in Canada for Chinese EV and 25 % fee for aluminum and steel products “seriously violate the principles of the World Trade Organization, constitute a typical act of protectionism and are discriminatory measures that seriously harm the justified laws and interests of China,” said the ministry.
Prime Minister Justin Trudeau said in August that Ottawa imposes fees to counteract the intentional Chinese policy of excessive capacity, following the leader of the United States and the European Union, both of which also used import fees to Chinese EV.
China is the second largest trade partner of Canada, which goes far behind the USA
“Universal and negative impact”
Chris Davison, president and general director of Canola Council of Canada, said on Saturday CBC News that China's announcement “will have a widespread and negative impact on the Canadian rapeseed industry.”
“The saying that people are restless would be an understatement,” said Davison. He added that American and Chinese markets together “usually constitute over 75 percent of the Canadian global rapeseed.”
On Friday, the federal government announced some means of tariff relief for Canadian companies and employees, including $ 1 billion for new financing via Farm Credit Canada to reduce financial barriers for the Canadian agricultural and food industry.
Davison said in “directly short -term that the federal government would have to financially support the Canadian rapeseed industry.”
He also said that there must be a “significant commitment” between Ottawa and all the main trading partners of Canada.
“All markets have a risk associated with them and we must effectively manage this risk,” said Davison. “In this case, it requires a good, strong commitment between the two rule.”