China announced on Saturday a fresh wave of tariffs targeting Canadian imports following the conclusion of an anti-discrimination trade probe. 📈🇨🇦
Starting March 20, Chinese authorities will impose a staggering 100% tariff on imported rapeseed oil, oil cakes, and peas from Canada. Additionally, aquatic products and pork will see a 25% tariff hike. 🥫🐟🐖
This move comes after the trade probe determined that Canada’s restrictive measures against certain Chinese products disrupted normal trade flows and adversely affected the legitimate interests of Chinese businesses. 💼🔍
The new tariffs are part of China's broader strategy to protect its domestic industries and respond to international trade disputes. Stay tuned for more updates on how this will affect global markets and bilateral trade relations. 🌐📊
What do you think about these new tariffs? Let us know in the comments below! 💬👇
Reference(s):
cgtn.com
