On Tuesday, China announced a preliminary duty to combat the Canadian canola imports-a new escalation in a commercial conflict throughout the year that began to impose Ottawa. From the definitions of Chinese electric vehicles imports Last August.
The statement said that the temporary rate will be determined by 75.8 percent, which is valid on Thursday.
China is the world’s largest importer – also known as turnover seed – and almost all the product supplies from Canada.
“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 most active zhengzhou futures in China has slipped by 3 percent, which is the largest daily decrease since June 26.
The Chinese Ministry of Commerce said on Tuesday that the anti-dumping investigations that were launched in September 2024 found that the agricultural sector in Canada-especially the Canola industry-benefited from government support “fundamental” and preferential policies.
Tone
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 ruling can lead to a different rate or volatility of Tuesday’s decision.
Politics is a transformation From the reconciliation tone that was struck in JuneWhen Chinese Prime Minister Lee Qiang said that there was no conflict of interests between interest between countries during a phone call with Canadian Prime Minister Mark Carne.
Canada’s trade and agricultural ministers and the Prime Minister’s office immediately did not respond to a request from Reuters. The Canadian Embassy in Beijing did not immediately respond to Reuters request for comment.
“This step … will additional to the Canadian government to sort commercial friction with China,” said China to Rogers.
An opportunity for Australia
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, and the payment added, which appears to be to regain access to the Chinese market with some test shipments this year after freezing for years 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 Australian imports increase, “Canadian canola replacement will be very difficult unless the demand for demand decreases sharply,” said Donatas Jankauskas, an analyst at CM Navigator for basic commodities.
The total Canadian canola exports to China reached $ 5 billion in 2023, the last year before the investigation began.
Last fall, China announced that it would apply a 100 percent tariff rate valid for what the National Farmers Union said would affect “part of the total Canola producing that is crushed for export to China”, not Canola seeds imports.
The Saskatuan Union, which is taken from the Saskatchewan He said in March I was disappointed by this step, but also stressed that the potential definitions of the White House on all canola imports can be more harmful given the “highly higher” size in trade with the United States
Canadian farmers may end in the midst of the political conflict, after China said it is opening an investigation of dumping in Canola imports in response to Canada, which imposes a 100 percent tariff on Chinese -Chinese electric cars.
China, the United States put the tariffs on a temporary stop
She said in a statement that China has also launched a fight against dumping in the starch of Canada, which will last for a year and can extend for six months.
Canada is a great source of peas in a complete form or division, with Saskatchewan and Alberta as the largest producers; China, the United States, India and Bangladesh are among the major buyers.
Last year, Canada It was crossed by Russia as the highest source of peas to China. Russia’s share in the market in the 2023-24 agricultural season increased to 49.1 percent, as Canada fell to 44.6 percent of peas in China, from a dominant location of about 95 percent in previous years.
In addition, both Canada and US China has been accused of throwing and supporting the exports of peas protein to North America in recent years.
CurrentCanada and China are in the case of Lattat tariffs
Ottawa slapped a large tariff on Chinese Chinese EVS last month, and now Beijing announced the anti -dumping of Canadian Canola. The host of the guest, Rebecca Zandbarten, adds what this means to Canadian producers – and the country’s relationship is already preserved with China.
Meanwhile, China and the United States released late on Tuesday data indicating that the two countries will continue to negotiate a new trade deal before the deadline in which the new tariff it was exposed to alike was.
The interruption of the Americans on Chinese goods prevents the launch of up to 145 percent, while the Chinese definitions were set 125 percent – which led to a virtual trade ban between the two countries.
It closes its place, at least at the present time, a 30 percent tariff for Chinese imports, with Chinese duties on American imports by 10 percent.
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