The Asian nation plans to impose a 75.8% duty from Aug. 14
China will implement more levies on Canadian rapeseed after an anti-dumping probe, escalating a trade spat that’s disrupted crop flows.
The Asian nation plans to impose a 75.8% duty from Aug. 14 after a preliminary ruling that Canadian imports constitute dumping, according to a statement from China’s commerce ministry. Benchmark futures in New York tumbled as much as 4% following the announcement, reaching the lowest since April.
Earlier this year, Beijing imposed a 100% tariff on rapeseed oil and meal from the North American nation, where the crop is known as canola, in response to Canadian levies on Chinese-made electric vehicles, steel and aluminum. The latest measures leave Ottawa battling trade wars on two fronts, following