Tuesday, October 08, 2024
name of Prensa Latina
Bandera inglesa
English Edition
Search
Close this search box.
name of Prensa Latina

NEWS

NEWS

Beijing rejects Canadian tariffs on imports from China

Beijing, Oct 2 (Prensa Latina) China described Canada's decision to impose new tariffs on products imported from China as unilateral and protectionist.

This statement comes after the entry into force of a 100 percent additional tax on electric cars coming from China. In addition, Ottawa announced that starting October 22nd it will apply a 25 percent tariff on steel and aluminum products imported from China.

The Chinese Ministry of Commerce expressed its firm opposition to these actions, noting that Ottawa ignores “objective facts, international trade rules and warnings from various parties.”

“Canada should rationally and objectively evaluate bilateral economic and trade cooperation, respect the facts and comply with the World Trade Organization’s rules,” China’s statement underscored, and according to which the Canadian government’s decisions violate the principles of a market economy and of fair competition, which seriously affects economic and commercial cooperation between both countries, in addition to altering global supply chains.

As explained in the statement, China will take “all necessary measures” to protect the rights of its companies.

Beijing responded to Canada’s actions by filing a complaint with the World Trade Organization (WTO) and activated an investigation into trade discrimination against the restrictions imposed by Canada.

The trade conflict between both countries has been increasing in recent years and Canada’s late decisions reinforce tensions in a context of growing disputes over tariffs and protectionist measures.

jrr/llp/oda/idm

LATEST NEWS
RELATED