Monday, December 23, 2024
HomeWorldAsiaChina announces probe into Canada's tariff hikes

China announces probe into Canada’s tariff hikes

China would launch an investigation into Canada’s tariff hikes on electric vehicles (EVs) and steel and aluminium products imported from China, the Commerce Department announced.

China will also launch anti-dumping investigations into imports of rapeseed and related chemical products from Canada.

Last week, Canada announced that it would impose a 100% tariff on imports of Chinese-made EVs, following similar announcements by the United States and the European Union. The country also plans to impose a 25% duty on Chinese steel and aluminium.

A spokesman for China’s Ministry of Commerce said:

Despite opposition and dissuasion from various parties, Canada has imposed discriminatory unilateral restrictions on imports from China. China is strongly dissatisfied and firmly opposed to this and plans to bring Canada’s actions to the WTO dispute resolution mechanism.

The representative noted that Canadian rapeseed exports to China had increased significantly, possibly due to dumping. In 2023, exports reached $3.47 billion, an increase of 170% over the previous year.

Affected by Canada’s unfair competition, related domestic industries in China have been suffering continuous losses. China will, in accordance with domestic laws and regulations and in line with WTO rules, initiate an anti-dumping investigation into rapeseed imports from Canada.

RELATED ARTICLES

Most Popular