Part 4/11:

Canada has imposed a 100% tariff on Chinese EVs since October of the previous year, aligning with U.S. policies aimed at protecting domestic manufacturing and safeguarding national security. Additionally, Canada implemented a 25% tariff on Chinese steel and aluminum. In retaliation, China has imposed its own tariffs on Canadian agricultural products, particularly canola, with a 100% tariff on canola oil and a 75.8% tariff on canola seed.

These tariffs have dealt a severe blow to Canada’s once-thriving canola industry, which relied heavily on exports to China. The tariff escalation has effectively cutoff a major market, forcing Canadian farmers into an economic bind that could require government intervention or bailouts.