China Retaliates with Tariffs on Canada

China announced retaliatory tariffs on Canadian agricultural and food products, including rapeseed oil, oil cakes, peas, pork, and aquatic products, set to take effect on March 20. This move comes in response to Canada's earlier imposition of 100% tariffs on Chinese-made electric vehicles and 25% tariffs on steel and aluminum products in October. Both nations accuse each other of violating World Trade Organization rules and engaging in protectionist practices. The tariffs are part of a broader global trade conflict, with the United States and European Union also having imposed similar duties on Chinese goods, citing concerns over state-directed overcapacity. This escalation further strains economic relations between China and Canada, who are each other's second-largest trading partners.