China will impose sharply higher tariffs on Canadian agricultural and aquatic exports starting March 20, escalating tensions in a trade dispute rooted in alleged discriminatory practices. The move follows a months-long anti-discrimination probe by Chinese authorities, which concluded that Canada\u2019s restrictions on certain Chinese products \u201cdisrupted normal trade\u201d and harmed domestic enterprises.
Products like Canadian rapeseed oil, oil cakes, and peas now face a 100% tariff hike, while pork and aquatic goods will see a 25% increase. Analysts suggest the targeted sectors reflect strategic sectors crucial to Canada\u2019s $32 billion annual trade relationship with China.
Beijing emphasized its decision aligns with WTO principles and aims to \u201cmaintain fair competition.\u201d The development comes as China seeks to recalibrate trade partnerships amid shifting global supply chains, with observers noting potential ripple effects for global commodity markets.
The tariff announcement underscores the delicate balance in China-Canada relations, which have faced strains in recent years over geopolitical issues. Business leaders in both countries urge dialogue to prevent further escalation.
