September 03, 2024 06:50 GMT
MNI BRIEF: China To Open Dumping Inquiry Over Canada Canola
China has elevated its trade action against Canada.
MNI (BEIJING) - China will open an anti-dumping investigation into canola and chemical products from Canada, a notice from the Ministry of Commerce said on Tuesday.
The ministry suspects Canada has dumped canola after imports reached USD3.5 billion in 2023, up 170% y/y, causing domestic firms to lose money.
Beijing will also launch an anti-discrimination investigation into the recent Canadian tariffs and take measures against Canada, MOFCOM continued.
China's move comes amid increased trade tensions with the West. (See MNI EM INTERVIEW: US Seen Holding China Tariffs High- Ex-Official)
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