China announces retaliatory tariffs on some Canada farm, food products (opens in new tab)

(reuters.com)

8 pointshuang_chung1y ago4 comments

4 comments

Why is Canada still in a trade war with China?

100% tax on EV imports and 25% metal tax imposed on China by Canada about half an year ago. Canada is in a tough spot. It needs to sync up its tade policy with the US in order to maintain its free trade with the US.

JumpCrisscross1y ago

> It needs to sync up its tade policy with the US in order to maintain its free trade with the US

Ship has sailed. Ottawa should offer to drop trade restrictions with China in exchange for Beijing doing the same. It not only provides a needed jolt to the Canadian economy, it also sends a message to the White House that Canada shouldn’t be taken for granted. (I’d also start making motions about green lighting energy-export terminals to Europe and Asia.)

fspeech1y ago

Unlikely as Canada ultimately depends on the US as a security provider, but yes, like Vietnam, it makes sense to trade with both sides. It's also why the US doesn't like it.

China's tax on rapeseed oil is like Canadian tax on EV, as China imports very little from from Canada due to prior trade frictions. But its rapeseed imports almost exclusively depend on Canada.

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4 comments

JumpCrisscross1y ago

Why is Canada still in a trade war with China?

fspeech1y ago

JumpCrisscross1y ago

> It needs to sync up its tade policy with the US in order to maintain its free trade with the US

fspeech1y ago

Unlikely as Canada ultimately depends on the US as a security provider, but yes, like Vietnam, it makes sense to trade with both sides. It's also why the US doesn't like it.

China's tax on rapeseed oil is like Canadian tax on EV, as China imports very little from from Canada due to prior trade frictions. But its rapeseed imports almost exclusively depend on Canada.

j / k navigate · click thread line to collapse