China imposes tariffs on Canadian agricultural products

China announced new tariffs on Canadian agricultural products, including a 100% tariff on rapeseed oil, oil cakes, and peas, effective March 20. Pork and aquatic products will face a 25% levy. This decision follows a Chinese investigation into Canada's tariffs on Chinese goods, which were implemented last year. Canada had imposed 100% tariffs on Chinese electric vehicles and additional tariffs on steel and aluminum. China's commerce ministry stated that Canada's actions disrupted trade and harmed Chinese businesses. The new tariffs come amid ongoing trade tensions between Canada, China, and the United States.