China is firing back in a heated trade dispute, launching investigations into Canada's recent tariff hikes on electric vehicles (EVs), steel, and aluminum. The Ministry of Commerce announced the move Tuesday, accusing Canada of \"discriminatory\" policies and vowing to escalate the issue at the World Trade Organization (WTO).
Why Now?
Canada slapped a 100% tariff on Chinese EVs last week, mirroring similar moves by the U.S. and EU. It also imposed a 25% duty on Chinese steel and aluminum. China claims these measures harm its industries and violate trade rules.
Rapeseed Rumble
Beijing isn't stopping there—anti-dumping probes into Canadian rapeseed and chemical imports are also underway. Chinese officials say Canada's rapeseed exports surged 170% in 2023, hitting $3.47 billion while prices plummeted, squeezing domestic producers. \"China will defend its industries,\" a Commerce Ministry spokesperson emphasized.
Global Ripple Effects
This tit-for-tat clash could impact green tech markets and food supply chains. Young entrepreneurs and investors are watching closely, as tariffs may reshape EV trade flows. Students and researchers, meanwhile, get a real-time case study in economic diplomacy.
The Ministry of Commerce announced the move Tuesday, accusing Canada of \"discriminatory\" policies and vowing to escalate the issue at the World Trade Organization (WTO).
