China adds “additional pressure” with a new tariff for Canadian -National Canola

China announced on Tuesday the preliminary duties to combat dumping on Canadian Canola imports, a new escalation in A year commercial dispute This began with the imposition of definitions on the imports of Chinese electric vehicles last August.

The Ministry of Commerce said in a statement that the temporary rate will be determined by 75.8 percent, which is valid on Thursday.

Canola Canola’s futures fell by four percent to their lowest level after three months after the announcement.

China, the world’s largest importer – also known as Bameseded – sources almost all its Canada’s product supplies. Acute imports are likely to be all imports if preserved.

“This is a huge. Who will pay a 75 percent deposit to bring Canadian Canola to China? It is like telling Canada that we do not need Canola, thank you very much.”

The Chinese Ministry of Commerce said on Tuesday that the anti -dumping investigations that were launched in September 2024 found the agricultural sector in Canada, especially the Canola industry, has benefited from government support “fundamental” and preferential policies.

China has until September, when the investigation ends officially, to make a final decision on duties, although it has the option to extend this deadline for a period of six months. The final judgment can lead to a different rate, or flipping on Tuesday’s decision.

The decision represents a shift from the reconciliation tone that was struck in June when Chinese Prime Minister Lee Qiang said there was no profound conflict of attention between countries during a phone call with Canadian Prime Minister Mark Carne.

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“This step … will be additional to the Canada government to sort commercial friction with China,” said the agricultural analyst in Trevium, China to Rogers.

The Canadian Embassy in Beijing did not respond to the request for comment.

Separately, China has also launched a fight against dumping in Canadian peas and imposed temporary duties on tangible potato imports, according to the ministry’s data.

Analysts say that replacing millions of tons of Canadian canola is likely to be difficult to notice.

China is primarily used as an imported canola to make animal nutrition for the aquaculture sector. A separate duty on Canadian canola imports in March may have already endangered this supply.

This step provides an opportunity for Australia, which appears to be ready to restore access to the Chinese market with some test charges this year after a year’s freezing in trade.

Australia, the second largest exporter of Canola, has been closed from the Chinese market since 2020, mainly due to Chinese bases to stop the spread of fungal plant disease.

However, even if the Australian imports increase, “Canadian Canadian replacement will be very difficult unless the demand for demand decreases sharply,” said Donatas Jankauskas, an analyst at CM Navigator for basic commodities.