After Canada announced it would impose a 100% tariff on Chinese electric vehicles, China responded by initiating an anti-dumping investigation into Canadian canola seeds.
A spokesperson for the Chinese Ministry of Commerce stated on its website on the 3rd, "Due to Canada's unfair competition, the canola seed-related industry in China continues to suffer losses," announcing this measure.
According to the Ministry of Commerce, Canada's exports of canola seeds to China reached $3.47 billion (approximately 4.66 trillion KRW) last year, a 170% increase compared to the previous year, while prices within China have been declining. According to Chinese customs, over 90% of China's canola imports last year were from Canada, totaling 5.05 million tons. Canola seeds are used as raw materials for canola oil, and China is the world's second-largest importer of canola seeds.
China also plans to initiate anti-dumping investigations into certain Canadian chemical products.
Last month, Canada announced it would impose a 100% tariff on Chinese electric vehicles and a 25% tariff on steel and aluminum. Bloomberg reported that this move aligns Canada with its allies, including the United States and the European Union (EU), which have also signaled additional tariffs on Chinese electric vehicles. The Chinese Ministry of Commerce condemned this action as a violation of World Trade Organization (WTO) regulations.
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