China Turns Tariff Attention to Canada

China recently responded to the U.S. increasing tariffs by increasing retaliating against American imports, and now, Bejing has turned its attention to Canada.  China implemented tariffs on more than $2.6 billion worth of agricultural and food products from Canada.  According to Reuters, the move is retaliation against levies Ottawa introduced in October 2024 and opens a new front in a global trade war.

The levies announced by China’s Commerce Ministry will take effect on March 20th and match the 100% and 25% tariffs Canada placed on Chinese-made electric vehicles as well as steel and aluminum products.  The tariffs could be a warning shot as the Trump administration showed it may be willing to ease 25% duties on Canadian and Mexican goods if they apply the same extra 20% duty he has slapped on Chinese goods over the flow of fentanyl into the United States.

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