China hits back at Canada with fresh agriculture tariffs

News Snapshot:

China will apply a 100% tariff to just more than $1 billion of Canadian rapeseed oil, oil cakes and pea imports. Photograph: Getty Images China announced tariffs on more than $2.6 billion (€2.4 billion) worth of Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October and opening a new front in a trade war largely driven by US president Donald Trump’s tariff threats. The levies, announced by the commerce ministry and scheduled to take effect on March 20th, match the 100 per cent and 25 per cent import duties Canada slapped on China-made electric vehicles...