China has set a preliminary anti-dumping duty of 75.8% on Canadian canola imports from Thursday, escalating a trade row that began after Ottawa imposed tariffs on Chinese electric vehicles last year.
The Ministry of Commerce said on Tuesday its investigation had found Canada’s canola industry benefited from subsidies and preferential policies. Canada rejected the finding, saying it does not dump canola and was “deeply disappointed” by the decision but remained open to talks.
International Trade Minister Maninder Sidhu and Agriculture Minister Heath MacDonald said Ottawa was committed to “fair market access” and stood ready for “constructive dialogue” with Beijing.
The Canola Council of Canada said the duty would effectively close the Chinese market, which bought almost C$5 billion (about $3.64 billion) of Canadian canola in 2024. China is the world’s largest importer of the crop, also known as rapeseed, and sources most of its supply from Canada.
ICE November canola futures fell 6.5% to about $650.30 per metric tonne after the announcement. Analysts said the tariff would be hard to offset quickly, although Australia — the second-largest exporter — could gain from improved access following a four-year halt in shipments to China.
The move marks a shift from the more conciliatory tone struck in June, when China’s Premier Li Qiang told Canadian Prime Minister Mark Carney there were “no deep-seated conflicts of interest” between the two countries. Beijing has also launched new anti-dumping probes into Canadian pea starch and imposed provisional duties on halogenated butyl rubber.
A final decision could confirm, change or overturn the provisional rate. Traders said it remained unclear whether the duty was a negotiating tactic or a long-term measure.
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday t...
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have sur...
Israel carried out heavy airstrikes on the Hezbollah-controlled southern suburbs of Beirut on Monday (2 March), af...
Türkiye and Iran have suspended day-trip passenger crossings at their shared border, Türkiye's trade minister said Monday, as a ...
China’s Foreign Minister Wang Yi has held talks with his Russian counterpart Sergei Lavrov following recent mil...
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have surged to levels last seen during the Covid-19 pandemic, raising fears of economic disruption and higher prices worldwide.
Türkiye and Iran have suspended day-trip passenger crossings at their shared border, Türkiye's trade minister said Monday, as a U.S.-Israeli military campaign against Iran entered its third day.
China’s Foreign Minister Wang Yi has held talks with his Russian counterpart Sergei Lavrov following recent military strikes carried out by the United States and Israel on targets in Iran, as tensions in the Middle East continue to rise.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
Türkiye and Iran have suspended day-trip passenger crossings at their shared border, Türkiye's trade minister said Monday, as a U.S.-Israeli military campaign against Iran entered its third day.
China’s Foreign Minister Wang Yi has held talks with his Russian counterpart Sergei Lavrov following recent military strikes carried out by the United States and Israel on targets in Iran, as tensions in the Middle East continue to rise.
Uzbekistan has expressed deep concern over the rapid escalation of tensions in the Middle East, urging restraint and diplomatic resolution as the conflict begins to affect civilian aviation and regional security.
As tensions escalate in the Middle East, Kazakhstan is assessing the impact on its trade routes, diplomatic ties and citizens in the region. Analysts say the crisis could test Astana’s ability to balance economic interests, security concerns and foreign policy priorities.
Israel carried out heavy airstrikes on the Hezbollah-controlled southern suburbs of Beirut on Monday (2 March), after the Iran-backed group launched missiles and drones towards Israel in retaliation for the killing of Iran's Supreme Leader Ali Khamenei.
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