Canada and the U.S. are rewriting the rules to suit their political agendas
The canola industry is Canada ’s first casualty in the West’s escalating tariff war with China. But Prairie farmers’ exports to China – predictably targeted for retaliation – are only the start.
Canadian consumers will end up paying more for electric vehicles. The 100-per-cent tariff that comes into effect on Oct. 1 will largely spare Canada’s electric-vehicle manufacturers the inconvenience of price competition with lower-end Chinese models. In the longer term, those competition-squelching measures will also slow down technological innovation.
And that is the second lesson – protectionism begets protectionism. China’s retaliation was beyond predictable; the only surprise is that it took eight days. And there is no guarantee that China will not act further. Canada’s pork producers, for instance, would be right to worry about whether their third-biggest export market will be targeted, given that Beijing is threatening the European Union with an anti-dumping investigation into its pork exports as a retaliation for EV tariffs.
Ottawa and Washington may be shocked – shocked! – to discover that China is indulging in state capitalism, and is less than completely fastidious in adhering to Western standards in labour relations and green business practices. But no one who has paid the slightest attention to China in the past three decades would be.
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