China announced an initial duty on Canadian Canola after anti-dumping investigation
China announced an initial anti-dumping duty on Canadian canola imports on Tuesday-a fresh growth in a year trade dispute that began with Ottawa allegations Tariff on Chinese electric vehicle imports last August.
The statement said that the effective rate will be fixed at 75.8 percent from Thursday.
China is the world’s largest importer of Canola – also known as rapeseed – and all its supply sources from Canada.
A Singapore-based oilseed businessman said, “It is very big. Who will pay a deposit of 75 percent to bring Canadian Canola to China? It is like telling Canada that we do not need your canola, thank you very much,” said a trader of a Singapore-based oilseeds.
China’s most active zhengzhou rapeseed food futures slipped three percent, the biggest daily decline since 26 June.
Policy marks a change Killed by tone in JuneWhen China’s head Lee Kiang said that there was no deep struggle of interests between countries during a phone call with Canadian Prime Minister Mark Carney.
The Canadian Embassy in Beijing did not immediately respond to the request of a Reuters for comments.
The trivium China’s agricultural analyst also said, “This step … will put additional pressure on the Canadian government to sort China through trade friction.”
It also provides an opportunity for Australia, the pay is added, which is ready to achieve access to the Chinese market with some test cargo this year after a year freeze in business.
Canadian canola exports to China were $ 5 billion in 2023, before the investigation began last year.
Final decline, China announced that this 100 percent tariff rate would implement an effective march, which the National Farmers Association stated that “would affect the share of the total canola that is crushed to export to China,” canola seed not imports.
Suskechewan Said in march It was disappointed with the move, but also insisted that all canola imports on imports can be even more harmful in view of the “rapid high” volume in trade with America from the White House.
Canadian farmers can be caught amidst a political dispute, China said that it was opening a dumping-anti-dumping check in Canada imports in response to Canada, imposing 100 percent tariffs on Chinese-made electric vehicles.
China, America put Tariff Hike on stay
Separately, China also started an anti-dumping investigation into pea starch imported from Canada, which will last for a year and extended for six months, it has been said in a statement.
Canada is a top exporter of peas in full or divided form, with Suskechewan and Alberta as the largest producers; China, America, India and Bangladesh are among the top buyers.
Last year, Canada Russia crossed as top exporter of peas to ChinaRussia’s market share increased by 49.1 percent in the 2023-24 agricultural season, as Canada fell 44.6 percent of China’s pea imports, from a major condition of about 95 percent in the previous years.
Additionally, both Canada And America China has been accused of dumping and subsidizing pea protein exports in North America in recent years.
the currentCanada and China are titled a tariff for Tot
Ottawa slapped a large tariff on Chinese-made EVS last month, and now Beijing announced an anti-dumping investigation of Canadian Canola. Guest host Rebecca Zandbergen sees what all this means for Canadian growers – and the country already having a terrible relationship with China.
Meanwhile, every issued statements of China and the United States on Tuesday will continue to negotiate a new trade deal in both countries, with a new tariff kick for both before a time limit.
The stagnation prevents the American tariff from shooting up to 145 percent on Chinese goods, while the Chinese tariffs on American goods were determined to hit up to 125 percent – both rates resulted in a virtual trade embroidery between the two countries.
It closes with Chinese duties on US imports at 10 percent, with 30 percent tariffs on sugar imports, for minimal, now, with 30 percent of tariffs on sugar imports.
