Coming into force soon
China retaliates for Canadian e-car tariffs
China is responding with retaliatory measures to punitive tariffs imposed by Canada on Chinese electric cars. According to the Beijing Ministry of Commerce, tariffs of 100 percent will be imposed on Canadian rapeseed oil and peas from March 20. Fishery products and pork will be subject to a 25 percent tariff.
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen The Chinese measures are a reaction to the punitive tariffs imposed by Canada last October on Chinese electric vehicles, steel and aluminum. Beijing had initially launched an investigation, the results of which have now been presented.
It was found that Canada had violated Chinese foreign trade law. In response, the Chinese Ministry of Commerce announced that tariffs would now be imposed on certain goods imported from Canada.
Last year,Canadawas still united against China
Canada had justified the tariffs with the argument that Chinese companies were achieving artificially low prices through state subsidies and thus distorting competition. The USA and the EU also imposed tariffs on Chinese exports.
While they were still pulling in the same direction with the e-car tariffs against China, Canada has also been involved in serious trade disputes with the USA since US President Donald Trump took office. Trump has also imposed additional tariffs of 20% on all Chinese imports into the USA.
This article has been automatically translated,
read the original article here.
Da dieser Artikel älter als 18 Monate ist, ist zum jetzigen Zeitpunkt kein Kommentieren mehr möglich.
Wir laden Sie ein, bei einer aktuelleren themenrelevanten Story mitzudiskutieren: Themenübersicht.
Bei Fragen können Sie sich gern an das Community-Team per Mail an forum@krone.at wenden.