18-September-2024
Corporate News
 
China: Anti-dumping probe into canola imports as Canada imposes EV tariff
04-Sep-2024

China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canada has followed the lead of the United States and European Union, and announced last week a 100 per cent tariff on imports of Chinese electric vehicles and a 25 per cent tariff on imported steel and aluminium from China. "China strongly deplores and firmly opposes the discriminatory unilateral restrictive measures taken by Canada against its imports from China despite the opposition and dissuasion of many parties," a commerce ministry spokesperson said in a statement. He said China will also initiate an anti-dumping investigation into some Canadian chemical products. More than half of canola produced in Canada makes its way to China, the world's biggest oilseed importer. Canola, also called rapeseed for certain variants, is used as a cooking oil and in a wide range of products including renewable fuels

News Source:- https://www.business-standard.com/world-news/china-anti-dumping-probe-into-canola-imports-as-canada-imposes-ev-tariff-124090300230_1.html