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China targets Canada’s tariffs with anti-discriminatory probe By Reuters

by Index Investing News
September 26, 2024
in Financial
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BEIJING (Reuters) -China has launched an anti-discriminatory investigation towards restrictive measures taken by Canada together with further tariffs on Chinese language electrical automobiles, metal and aluminum merchandise, its commerce ministry stated on Thursday.

Any such investigation often takes three months to finish however may very well be prolonged underneath particular circumstances, the ministry stated.

Beijing additionally introduced plans this month to probe Canadian canola imports after Ottawa joined the U.S. and the European Union in putting in tariffs of 100% on Chinese language EVs and 25% on Chinese language aluminum and metal.

Greater than half of canola exported by Canada makes its strategy to China, the world’s greatest oilseed importer.

China stated it strongly deplored and firmly opposed Canada’s “discriminatory unilateral restrictive measures” and it had requested talks with Canada on the World Commerce Group in regards to the tariffs.

Commerce friction between the international locations heightened this week after Canada stated it was “completely” contemplating banning Chinese language-made software program in EVs, amongst measures to counter what it calls overcapacity and a safety risk.





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