China has announced tariffs on over $2.6 billion worth of Canadian agricultural and food products, escalating trade tensions with Ottawa. The move follows Canada's October levies on Chinese goods and signals Beijing’s pushback against Western trade restrictions.
The Chinese commerce ministry said the tariffs, set to take effect on March 20, will match the 100% and 25% import duties Canada imposed on Chinese electric vehicles, steel, and aluminium. China will apply a 100% tariff on over $1 billion of Canadian rapeseed oil, oil cakes, and peas, alongside a 25% duty on $1.6 billion worth of aquatic products and pork.
Analysts view the timing as a strategic warning, with China reminding Canada of the risks of aligning too closely with U.S. trade policy. The decision also comes as Canada approaches a national election, raising speculation that Beijing may be positioning itself for a reset in relations depending on the outcome.
China, Canada’s second-largest trading partner, had already launched an anti-dumping investigation into Canadian canola imports last year. While canola was excluded from the latest tariffs, experts suggest Beijing may be leaving room for negotiations.
The Canadian government has not yet responded to the announcement, while trade officials warn that the new tariffs could significantly impact key export industries, particularly pork and canola.
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Pakistani Prime Minister Shehbaz Sharif hailed what he called a “great victory” for the nation’s armed forces on Wednesday, following what officials described as a major air incursion attempt by the Indian Air Force.
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U.S. President Donald Trump on Wednesday called for an immediate end to the escalating hostilities between India and Pakistan, saying he “hopes they can stop now” after a series of deadly cross‑border strikes.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
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A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
Pakistani Prime Minister Shehbaz Sharif hailed what he called a “great victory” for the nation’s armed forces on Wednesday, following what officials described as a major air incursion attempt by the Indian Air Force.
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U.S. President Donald Trump on Wednesday called for an immediate end to the escalating hostilities between India and Pakistan, saying he “hopes they can stop now” after a series of deadly cross‑border strikes.
U.S. President Donald Trump on Wednesday called for an immediate end to the escalating hostilities between India and Pakistan, saying he “hopes they can stop now” after a series of deadly cross‑border strikes.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
U.S. President Donald Trump said Wednesday that an announcement related to the Gaza Strip is likely within the next 24 hours, signaling potential developments in the U.S. approach to the worsening humanitarian crisis in the besieged enclave.
A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
Pakistani Prime Minister Shehbaz Sharif hailed what he called a “great victory” for the nation’s armed forces on Wednesday, following what officials described as a major air incursion attempt by the Indian Air Force.
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