China News: Retaliation Against Canadian EV Tariffs with Canola and Chemical Probes
China News: Beijing Launches Anti-Dumping Investigation
On Tuesday, China news reported that Beijing has initiated an anti-dumping investigation into Canadian canola and chemical products. This action comes as a response to Canada's new EV tariffs imposed by Prime Minister Justin Trudeau, which are set at 100 percent on Chinese electric vehicles. Beijing claims that Canadian canola exports have significantly increased, raising suspicions of unfair pricing strategies.
Trade Tensions Escalate
China's commerce ministry stated that domestic industries reported substantial losses due to what they perceive as unfair competition from Canada. The ministry emphasized that Canadian exporters are suspected of dumping canola into the Chinese market, prompting this investigation.
Continued Retaliation
- The anti-dumping probe will also extend to relevant Canadian chemical products.
- Beijing is set to address the Canadian tariffs at the World Trade Organization.
- Canada is implementing additional import duties on steel and aluminum from China.
Historically, Canada has been a leading producer of canola, and China has been one of its largest customers. Diplomatic tensions have often influenced trade outcomes between these two nations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.