China has slapped a provisional 75.8% anti-dumping tariff on Canadian canola imports, effective Thursday, escalating a trade dispute that began after Ottawa imposed tariffs on Chinese EVs last year. The move effectively shuts Canada out of a market worth nearly C$5 billion in 2024, according to the Canola Council of Canada.
Analysts say replacing millions of tonnes of Canadian canola will be difficult in the short term. Australia, the second-largest exporter, could benefit as it regains market access after a years-long ban, but cannot fully offset the loss unless China’s import demand falls sharply.
Canadian officials said they were “deeply disappointed” by Beijing’s decision and remain open to dialogue to resolve trade tensions. Canola is Canada’s largest cash crop, used in China for cooking oil and animal feed.
This article was written by Eamonn Sheridan at investinglive.com.