China stiffs Canadian canola

 China is imposing a tariff of 78.5 per cent on Canadian canola after investigating alleged dumping.

The duty is usually imposed to offset subsidies or selling below production costs.

It’s not clear how China can justify the tariff, but it is angry that Canada imposed a 100 per cent tariff on electric vehicles exported from China, a Canadian move that matched the tariff the United States imposed on China’s electric vehicles.

The Canadian car tariff kept Canada from becoming a back door into the U.S. market.

China is producing more electric vehicles than any country and they are sold well below North American prices.

It is not the first time China has imposed tariffs or trading bans on Canadian canola to apply political pressure unrelated to canola.

An example was choking off canola from two major grain companies when Canada held a Chinese executive the United States sought to extradite to face trading charges there.

The U.S. said the executive's company violated a ban on marketing electronic-industry products.