The announcement comes as Canada seeks new markets for its canola after China imposed preliminary anti-dumping duties on Canadian imports in August. This followed Canada's move last year to levy a 100 per cent tariff on Chinese electric vehicles.
The move, which Beijing officials have slammed as "protectionist," comes less than a month after Washington quadrupled US tariffs on Chinese electric vehicles to 100 per cent.
This move escalates tensions with major trading partners, following a series of anti-subsidy and anti-dumping investigations into Chinese products by the European Union, including one initiated recently, and impending tariffs from Washington on Chinese new energy products.
Meanwhile, US President Biden has promised new measures to shield steel mills, automakers and other American companies against what he calls trade "cheating" by Beijing, according to the New York Times. The measures are expected to be announced early next week and will include tarrifs on Chi