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Canada will apply a 100 per cent surtax on Chinese-made electric vehicles effective Oct. 1, 2024, and a 25 per cent surtax on Chinese steel and aluminum effective Oct.
15. The Canadian Agri-Food Trade Alliance is monitoring whether China retaliates against agri-food exports.
Retaliatory Chinese tariffs or trade restrictions on Canadian canola meal and other agri-food exports would reduce demand for those products and pressure Canadian prices. The threat is still speculative, so the impact is uncertain.
producer.comSean PrattAug 29, 2024Not 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.
