China imposes new tariffs on Canadian agricultural products

China has announced new tariffs on over $2.6 billion of Canadian agricultural products, set to take effect on March 20. This move is a response to Canada's tariffs on Chinese electric vehicles and steel imposed last October. The tariffs include a 100% duty on Canadian rapeseed oil and a 25% duty on aquatic products and pork. Notably, canola was excluded, which may indicate a willingness for future trade negotiations. China's commerce ministry criticized Canada's actions as protectionist and harmful to its interests. The ongoing investigation into Canadian canola imports remains unresolved, and analysts suggest that China's response may reflect its strategic priorities amid broader trade disputes.