Chinese tariff on canola seed comes into force as farmers hope for resolution
REGINA — A Chinese tariff of nearly 76 per cent on Canadian canola seed is set to come into force today.
The duty, announced Tuesday, has already caused the price of one of Canada’s most valuable crops to fall, wiping out millions of dollars in its value.
It comes a year after China launched an anti-dumping investigation into Canadian canola.
The investigation was in response to Canada’s 100 per cent tariff on Chinese electric vehicles, and the two countries have since hit each other with various levies.
