China imposes retaliatory tariffs on Canadian farm and food products

News Snapshot:

BEIJING (AP) — China on Saturday announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum products. The new duties become effective March 20, according to a statement by the Customs Tariff Commission of the State Council. Additional 100% tariffs will be imposed on Canadian rapeseed oil, oil cakes and peas, and additional 25% tariffs will apply to pork and aquatic products. The tariffs add to global trade tensions already high, with rounds of tariff announcements by the United States, China, Canada and Mexico. The duties...