China is retaliating against the Canadian ag industry after Prime Minister Trudeau announced tariffs on imported Chinese electric vehicles and steel and aluminum.
Chinese officials say the Chinese government will launch an anti-dumping probe (determining whether goods being sold to a country are being sold below the price in the producer country) into Canadian canola.
Recent Chinese reports indicate “Canada’s canola exports to China have increased significantly and are suspected of dumping, reaching US$3.47 billion in 2023, a year-on-year increase of 170%, and prices have continued to fall,” a spokesperson for the Chinese commerce ministry said.