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Canadian ministers responded to China's announced tariffs on canola oil and meal, peas, fish, seafood and pork, which are scheduled to take effect March 20, 2025. Canada rejected the premise and findings of China's anti-discrimination investigation.
The statement says Canadian farmers and fishers meet the highest standards.
The statement signals no near-term retreat by Canada, so the tariffs are likely to persist and keep Canadian canola meal and oil out of China.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.