China announces retaliatory tariffs on some Canadian farm, food products

News Snapshot:

China announced tariffs on Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October on Chinese-made electric vehicles and steel and aluminum products. The tariffs announced by the commerce ministry, to take effect on March 20, add a new front to a trade war largely driven by U.S. President Donald Trump’s announcement of tariffs on Canada, Mexico and China and threats of protectionist measures on other nations. China will apply a 100% tariff to Canadian rapeseed oil, oil cakes and pea imports, and a 25% duty on Canadian aquatic products and pork, the ministry said in...