China has just imposed retaliatory tariffs on Canadian goods

[xul]

Quote

Following Canada’s imposition of duties on Chinese steel, aluminum, and EVs in October 2024, China declared retaliatory tariffs targeting Canadian food and agricultural products. Starting March 20, the Chinese commerce ministry will impose a 100% tariff on Canadian rapeseed oil, oil cakes, and peas, as well as a 25% tariff on Canadian aquatic products and pork. This action exacerbates the trade tensions between the two countries, as China charges Canada with infringing upon WTO regulations

Now Canada is in tariff wars with its #1 and #2 trade partners.

An article published by the state-owned tabloid Global Times implies that it is also a warning to those countries which want to make up to US at the expense of interests of China, like this guy:

Now it seems like Canadian politicians like Doug Ford have got what they want:

 

[blackbird]

49 minutes ago, xul said:

Now Canada is in tariff wars with its #1 and #2 trade partners.

An article published by the state-owned tabloid Global Times implies that it is also a warning to those countries which want to make up to US at the expense of interests of China, like this guy:

Now it seems like Canadian politicians like Doug Ford have got what they want:

 

That's the world we live in.  Each country is acting in what they believe is in their best interests.

[Army Guy]

This is just another reason to diversify our economy, apparently we did not learn our lessons from Trump 1.0 or china 1.0 now we get a double whammy....i really hope whoever takes over that we put some of these plans into place....

[WestCanMan]

3 hours ago, xul said:

Now Canada is in tariff wars with its #1 and #2 trade partners.

An article published by the state-owned tabloid Global Times implies that it is also a warning to those countries which want to make up to US at the expense of interests of China, like this guy:

Now it seems like Canadian politicians like Doug Ford have got what they want:

 

Yikes.

Why would the Chinese gov't increase the cost of food in their own country?

There must be better options for adding tariffs on. 

[Aristides]

10 minutes ago, WestCanMan said:

Yikes.

Why would the Chinese gov't increase the cost of food in their own country?

There must be better options for adding tariffs on. 

Makes you wonder but if Trump makes good on screwing our auto industry there would be no point in keeping 100% tariffs on Chinese EV's.

[eyeball]

1 hour ago, Aristides said:

Makes you wonder but if Trump makes good on screwing our auto industry there would be no point in keeping 100% tariffs on Chinese EV's.

It probably wouldn't be hard to get China to come convert our soon to be idled auto-sectors parts plants to produce the spare parts we'll need to service the EV's they sell us.

[Barquentine]

9 hours ago, Aristides said:

Makes you wonder but if Trump makes good on screwing our auto industry there would be no point in keeping 100% tariffs on Chinese EV's.

Between a rock and a hard place. How do we avoid pissing off at least one superpower? Is there a way we can play them off against each other, get them bidding against each other for our trade, instead of penalizing us? We have stuff each of them wants.

[xul]

13 hours ago, blackbird said:

That's the world we live in.  Each country is acting in what they believe is in their best interests.

If every mom and dad taught their kid this,  the world would be far better than the current one.

But there still are hopes. If mankind was incapable of joining their efforts together to achieve great things instead of fighting each other, the UN should consist of millions of tribes, not only 193 member states.  

[Dougie93]

11 hours ago, Aristides said:

 our auto industry

which auto companies are Canadian owned ?

[Dougie93]

9 hours ago, eyeball said:

It probably wouldn't be hard to get China to come convert our soon to be idled auto-sectors parts plants to produce the spare parts we'll need to service the EV's they sell us.

it's only Canadian bureaucracy which slows things down,

if the Chinese are allowed to do it by their rules, they'd have it done in no time flat,

they'd probably whip up a high speed rail line for you at the same time

[ExFlyer]

11 hours ago, Aristides said:

Makes you wonder but if Trump makes good on screwing our auto industry there would be no point in keeping 100% tariffs on Chinese EV's.

Wouldn't that be kinda good LOL

Screw all American EV brands and particularly Tesla, and import Chinese EV'S LOL

[xul]

11 hours ago, WestCanMan said:

Yikes.

Why would the Chinese gov't increase the cost of food in their own country?

There must be better options for adding tariffs on. 

It isn't always necessary that consumers pay the tariffs. Since China has many other sources importing agriculture product from, like Brazil, Russia, Ukraine, India..., the vacancy of the tariffed goods will easily be compensated.

The better option is on the south side of USA:

Obviously Mexican played the game smarter than Canada Government due to the fact that US doesn't treat Canada better than Mexico for Canada's sacrifice, just like Ukraine hasn't got better treatment from US for their sacrifice.

Even Elon Musk has a Tesla Gigafactary in Mexico. And regardless how giga the factory is, it just can't produce all parts of a vehicle, so you can image where other parts are from and why Elon put it there instead of in US...

China set the starting date of the tariff on Mar 20. Obviously China wants that Canada government reconsiders its trade strategy after having a new PM and after being treated badly by US.

 

[WestCanMan]

1 hour ago, xul said:

It isn't always necessary that consumers pay the tariffs. Since China has many other sources importing agriculture product from, like Brazil, Russia, Ukraine, India..., the vacancy of the tariffed goods will easily be compensated.

You obviously don't know how this works 😂

[CdnFox]

22 hours ago, Aristides said:

Makes you wonder but if Trump makes good on screwing our auto industry there would be no point in keeping 100% tariffs on Chinese EV's.

there's probably some negotiating room there for having the vehicles at least assembled partly in Canada in exchange for allowing them to be sold here.

I mean at the end of the day china kind of does have a point. We expect them to buy our stuff but we are putting insanely High tariffs on their products