Brief by Shorts91NewsDesk / 05:33am on 08 Mar 2025,Saturday Business
China has announced tariffs on over $2.6 billion worth of Canadian agricultural goods, including rapeseed oil, aquatic products, and pork, in retaliation for Canada's October tariffs on Chinese electric vehicles and steel. Effective March 20, the tariffs include a 100% duty on rapeseed products and a 25% tariff on other items. While canola exports were excluded, signaling a potential for negotiations, analysts suggest that this move reflects China's frustration with Canada's alignment with U.S. trade policies. The dispute highlights ongoing tensions in global trade relationships.
