After a rail shutdown, inflation and drought, farmers are worried they'll end up paying the price for the fallout over Canada's tariffs on Chinese electric vehicles.
After Canada 's decision to slap a 100 per cent tariff on Chinese-made electric vehicles, China is retaliating by taking its first steps to block Canadian canola imports. David Akin explains what this growing trade feud could mean for Canada 's farmers and economy.was in response to Canada planning to impose increased tariffs on Chinese-made electric vehicles, steel and aluminum.
Their trains haul a combined $1 billion worth of goods per day, according to the Railway Association of Canada. The latest Statistics Canada data shows nearly seven million tonnes of canola were moved by rail in 2022. “It’s not going to destroy us. … But to keep everything running smoothly, you need to operate at a certain level. And just losing that amount of money … well, it’s disheartening.”
The canola ban took place amid heightened tensions between the two countries following the Canadian detention of Huawei executive Meng Wanzhou at the request of the U.S., and China’s subsequent detention of two Canadian men, Michael Kovrig and Michael Spavor.This Canadian couple just won $50M. It ‘won’t change’ them, they hope
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