The China Mail - Chinese tariffs on Canadian agricultural products kick in

USD -
AED 3.672504
AFN 66.242312
ALL 83.179218
AMD 382.091093
ANG 1.790055
AOA 917.000367
ARS 1397.162531
AUD 1.534449
AWG 1.80375
AZN 1.70397
BAM 1.682336
BBD 2.013075
BDT 122.136682
BGN 1.68286
BHD 0.375296
BIF 2949.980646
BMD 1
BND 1.301363
BOB 6.90637
BRL 5.297104
BSD 0.999441
BTN 88.628446
BWP 14.229065
BYN 3.409316
BYR 19600
BZD 2.01015
CAD 1.40305
CDF 2174.000362
CHF 0.794757
CLF 0.023592
CLP 930.299772
CNY 7.09955
CNH 7.10029
COP 3744.269064
CRC 500.9677
CUC 1
CUP 26.5
CVE 94.847533
CZK 20.805104
DJF 177.979442
DKK 6.425804
DOP 64.375726
DZD 129.671842
EGP 46.987226
ERN 15
ETB 154.855963
EUR 0.86005
FJD 2.27535
FKP 0.760064
GBP 0.759878
GEL 2.703861
GGP 0.760064
GHS 10.944045
GIP 0.760064
GMD 72.503851
GNF 8675.755881
GTQ 7.660746
GYD 209.074878
HKD 7.77445
HNL 26.293923
HRK 6.482904
HTG 130.936304
HUF 330.790388
IDR 16712
ILS 3.227704
IMP 0.760064
INR 88.687504
IQD 1309.363038
IRR 42100.000352
ISK 126.820386
JEP 0.760064
JMD 160.526429
JOD 0.70904
JPY 154.56504
KES 129.284762
KGS 87.450384
KHR 4009.289923
KMF 424.00035
KPW 899.988423
KRW 1449.503789
KWD 0.30669
KYD 0.83291
KZT 523.900047
LAK 21688.529526
LBP 89503.763279
LKR 306.567459
LRD 181.40295
LSL 17.141542
LTL 2.95274
LVL 0.60489
LYD 5.452669
MAD 9.241323
MDL 16.871532
MGA 4468.625005
MKD 52.922455
MMK 2099.610882
MNT 3572.735976
MOP 8.00215
MRU 39.576792
MUR 45.650378
MVR 15.403739
MWK 1733.086749
MXN 18.318804
MYR 4.132504
MZN 63.950377
NAD 17.141542
NGN 1440.780377
NIO 36.781214
NOK 10.088804
NPR 141.805514
NZD 1.760254
OMR 0.382771
PAB 0.999441
PEN 3.370436
PGK 4.226055
PHP 59.015038
PKR 282.529182
PLN 3.638123
PYG 7042.277751
QAR 3.643198
RON 4.374304
RSD 100.795665
RUB 80.491936
RWF 1452.75472
SAR 3.749973
SBD 8.244163
SCR 14.010372
SDG 601.503676
SEK 9.449304
SGD 1.297504
SHP 0.750259
SLE 23.403667
SLL 20969.498139
SOS 570.212034
SRD 38.589504
STD 20697.981008
STN 21.074362
SVC 8.74543
SYP 11056.884007
SZL 17.134747
THB 32.405038
TJS 9.225238
TMT 3.51
TND 2.938884
TOP 2.40776
TRY 42.170504
TTD 6.777343
TWD 30.569504
TZS 2448.754892
UAH 42.002581
UGX 3568.01858
UYU 39.766032
UZS 12033.030837
VES 236.162804
VND 26350
VUV 121.871382
WST 2.813729
XAF 564.239818
XAG 0.01978
XAU 0.000245
XCD 2.70255
XCG 1.801299
XDR 0.701733
XOF 564.239818
XPF 102.584835
YER 238.525037
ZAR 17.08336
ZMK 9001.203584
ZMW 22.46355
ZWL 321.999592
  • RBGPF

    0.0000

    75.65

    0%

  • CMSD

    0.1472

    23.99

    +0.61%

  • SCS

    0.0800

    15.7

    +0.51%

  • CMSC

    -0.0100

    23.82

    -0.04%

  • BTI

    -0.3500

    54.13

    -0.65%

  • AZN

    0.4900

    89.1

    +0.55%

  • NGG

    -0.7100

    77.38

    -0.92%

  • RIO

    -0.4100

    70.63

    -0.58%

  • BP

    0.5392

    36.53

    +1.48%

  • JRI

    0.0135

    13.65

    +0.1%

  • RELX

    -0.0900

    41.33

    -0.22%

  • BCE

    -0.2800

    22.83

    -1.23%

  • GSK

    -0.5429

    47.18

    -1.15%

  • BCC

    -0.1400

    69.04

    -0.2%

  • VOD

    -0.0900

    12.32

    -0.73%

  • RYCEF

    -0.3600

    14.55

    -2.47%

Chinese tariffs on Canadian agricultural products kick in
Chinese tariffs on Canadian agricultural products kick in / Photo: © AFP

Chinese tariffs on Canadian agricultural products kick in

Chinese tariffs on Canadian products including rapeseed oil and pork come into effect Thursday, with an industry lobby warning the new levies will have a "devastating impact" on farmers.

Text size:

The tariffs -- announced this month -- follow a Beijing probe into levies imposed by Ottawa on Chinese goods last year.

They hit rapeseed oil, oil cakes, and peas imported from Canada with a 100 percent surcharge.

Canada is among the world's top producers of canola -- a rapeseed crop that is used to make cooking oil, animal feed and biodiesel fuel -- and China has historically been one of its largest customers.

Aquatic products and pork, meanwhile, will face a 25 percent levy.

Canadian industry leaders have warned they would be hit hard by the fresh tariffs.

"New tariffs from China on Canadian canola oil and meal will have a devastating impact on canola farmers and the broader value chain at a time of increased trade and geopolitical uncertainty," said Chris Davison, President of the Canola Council of Canada.

"We urge the federal government to immediately engage with China, with a view to resolving this issue," he said.

The fresh tariffs come as both Canada and China face deepening trade tensions with the US, which under President Donald Trump has rolled out stiff new tariffs.

Ottawa in August placed 100 percent tariffs on Chinese electric vehicle imports -- matching US measures seeking to fend off a flood of Chinese state-subsidised cars into North America.

It also announced a surcharge on imports of steel and aluminum products from China.

Beijing's commerce ministry said a probe into these measures found that Canadian policies "disrupted the normal trade order and harmed the legitimate rights and interests of Chinese enterprises".

In Beijing, some residents told AFP they were supportive of China's tariffs on goods from other countries.

"China has become strong and doesn't need to rely on others for everything," Zheng Ruitao, a Beijing resident in his thirties, said.

"For me personally, it has not much impact, the impact might be on the country," Song Qing, another Beijing resident, told AFP.

Ties between Beijing and Ottawa plunged into a deep freeze for several years from 2018, when Canada detained Meng Wanzhou, a top executive from Chinese tech giant Huawei, prompting Beijing to arrest two Canadian nationals in retaliation.

B.Clarke--ThChM