HomeBusinessChina Slaps 73.5% Tariff on Canadian Pea Starch
Business

China Slaps 73.5% Tariff on Canadian Pea Starch

China will impose a 73.5% preliminary tariff on Canadian pea starch starting July 1, escalating trade friction between the nations. The Ministry of Commerce justified the move as an anti-dumping measure, claiming the influx of low-cost imports caused material injury to domestic producers after a ten-month investigation.

China Slaps 73.5% Tariff on Canadian Pea Starch

The decision follows a probe launched last August, which initially targeted Canadian canola. This latest action signals a collapse of the temporary thaw achieved during Prime Minister Mark Carney’s January visit to Beijing, which had previously yielded agreements to suspend agricultural duties. The current climate remains strained by Canada's earlier imposition of tariffs on Chinese electric vehicles, leaving the agricultural sector caught in the crossfire of broader geopolitical disputes.

Comments (0)

Leave a comment

No comments yet. Be the first!