by Martin Armstrong
Armstrong Economics
Effective March 20, 2025, China will place massive tariffs on Canadian goods. Aquatic products and pork will face a 25% tariff, while other items like rapeseed oil (canola), peas, and oil cakes will see a 100% tax. China is also implementing a 100% tariff on any imported electric vehicles and a 25% tariff on Chinese aluminum and steel.
“Canada does not accept the premise of China’s investigation, nor its findings,” a statement from the Canadian government read. “China’s non-market policies and practices that artificially lower production costs and distort markets. Canada remains open to engaging in constructive dialogue with Chinese officials to address our respective trade concerns.”
Canada first slapped a 100% tariff on Chinese EVs in October 2024, as no one can compete with Chinese EV manufacturers.