China is introducing retaliatory tariffs on certain Canadian goods, including a 100% tariff on rapeseed oil, oilcakes, and peas, and a 25% tariff on aquatic products and pork, effective March 20.

The Chinese government has announced its intention to impose retaliatory tariffs on select agricultural and food products originating from Canada. Effective March 20, a 100% tariff will be enacted on Canadian rapeseed oil, oilcakes, and peas. Furthermore, an additional 25% tariff will be placed on Canadian aquatic products and pork, as indicated by the statement released by the commerce ministry.

In summary, China is set to implement significant tariffs on various Canadian food and agricultural products, including a drastic 100% on rapeseed oil and a 25% tariff on aquatic products and pork. This move represents a notable escalation in trade tensions between China and Canada, potentially impacting cross-border trade relations.

Original Source: m.economictimes.com

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