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. 📚✨
