Canada is considering to impose a 100% tariff on Chinese electric vehicle imports and a 25% tariff on Chinese steel and aluminum imports, following the US and EU’s lead.
A one-year anti-dumping probe into Canadian rapeseed imports has been launched by China, which is largely perceived as retaliation for Ottawa’s duties on Chinese-made electric cars and other goods.
The Commerce Ministry said in a statement on Monday that the probe will look into imports from January 1 to December 31, 2023, and that initial data and evidence indicate dumping has occurred.
According to the ministry, there is a causal link between the dumping of Canadian imports and actual harm done to home industries after notable increases in imports and declines in pricing.
In 2023, the largest oilseed importer globally paid $3.72 billion for 5.5 million metric tons of canola. Canada was the source of 94% of the total imports.
In a Monday Q&A session, a representative from the trade ministry stated that the inquiry is “fundamentally different” from the discriminatory actions conducted by Canada in violation of WTO regulations.
The prices of local rapeseed oil futures reached a one-month high last week following the revelation of Beijing’s plan to launch an anti-dumping probe.
According to the ministry, the probe will begin immediately and should normally be finished by September 9, 2025, however it may be extended for an additional six months in certain situations.
According to the statement, the investigation will also look into the industrial harm caused by these Canadian imports between January 1, 2021, and December 31, 2023.
China purchases more than half of Canada’s exports of rapeseed, or canola.
