Big news in the trade world! 📈 The Chinese mainland is ramping up tariffs on Canadian products, as announced by the Customs Tariff Commission of the State Council on Saturday.
Starting March 20, some Canadian food items will see a hefty price jump:
- 100% Additional Tariff: Rapeseed oil, oil cakes, and peas
- 25% Additional Tariff: Aquatic products and pork
This move could shake up trade relations between the two countries, affecting prices and availability of these goods in the Chinese market. Stay tuned for more updates on how this impacts both economies!
😊Reference(s):
cgtn.com
