A new Chinese tariff of over 75 per cent on Canadian canola seed takes effect today, effectively closing Canada’s biggest export market for the product. The tariffs are an escalation in a mounting trade dispute between the two countries.
Breakdown
- China has imposed a 75% tariff on Canadian canola seed. 19s
- The tariff effectively closes Canada's largest export market for canola. 25s
- The move is part of a broader trade dispute after Canada placed tariffs on Chinese goods. 46s
- Farmers and provincial leaders are calling for federal government action. 1m 6s
- Prime Minister Mark Carney says the government is working with industry to find solutions. 1m 46s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.