News March 12, 2025

Newsletter: China Imposes Retaliatory Tariffs on Canadian Agriculture

China Imposes Retaliatory Tariffs on Canadian Agriculture

Major new trade barriers threaten Canadian farmers

Effective March 20, 2025, China has imposed 100% tariffs on Canadian canola oil, meal and peas, along with a 25% tariff on pork and aquatic products. This move comes in response to Canada’s October 2024 tariffs on Chinese electric vehicles and steel, escalating trade tensions.

Impact on Canadian Agriculture

Canola Exports at Risk: China is Canada’s second-largest canola market, and this tariff will severely impact C$5 billion worth of exports.
Pork & Seafood Markets Hit: Higher tariffs could lead to significant losses for Canadian producers relying on China as a key buyer.
Market Reactions: Chinese rapeseed meal and oil futures surged 5-6% following the announcement, indicating potential supply shortages and price hikes.

Government & Industry Response

Canada’s International Trade Minister Mary Ng has condemned the tariffs, calling them unjustified and damaging. Canadian farmers and exporters must explore alternative markets to mitigate potential losses.

What’s Next?

With ongoing trade tensions, market uncertainty remains high. Producers and investors should monitor developments closely and assess strategies to adapt to shifting trade policies.

Read the Full Article Here

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