Core Viewpoint - Canada is reviewing tariffs imposed on Chinese electric vehicles, steel, and aluminum, following a year of significant trade tensions between Canada and China, particularly regarding canola products [1][2]. Group 1: Tariff Review and Government Actions - The Canadian government has initiated a review of the tariffs on Chinese electric vehicles, steel, and aluminum to assess the current tax rates' validity [1]. - The review is expected to officially start next month, with updates to be provided at appropriate times [1]. - Since the implementation of these tariffs, the import volume of the affected products has significantly decreased [1]. Group 2: Trade Delegation to China - A parliamentary secretary will accompany a trade delegation to China, indicating a potential shift in the Canadian government's approach to trade relations with China [2][8]. - The delegation, led by Saskatchewan Premier Scott Moe, aims to negotiate the canola import guarantee issue and foster dialogue for a closer trade relationship [3][6]. - This visit marks the first time in six years that a Canadian provincial leader has led a delegation to China [6]. Group 3: Broader Trade Implications - The Saskatchewan government is seeking to address not only canola but also tariffs on other Canadian products such as peas, pork, and seafood during the visit [6]. - The Canadian government is also taking measures to protect jobs in the canola industry and plans to announce additional support for Canadian producers [8][10]. - There is an acknowledgment from Canadian officials that there is still room for growth in trade with China, particularly in the agricultural sector [10].

Group 1 - The Conservative Party leader Pierre Poilievre criticized Prime Minister Justin Trudeau for being "too weak" in dealing with the U.S. and China, claiming that Canada should adopt a "strong stance" [1][3] - Poilievre accused Trudeau of failing to protect Canadian interests, highlighting that despite concessions made to the U.S., such as the cancellation of the digital services tax, Canada still faced increased tariffs [1][3] - The Canadian government stated that the average tariff rate imposed by the U.S. on Canadian goods remains one of the lowest among its trade partners, despite significant impacts from tariffs on specific sectors like lumber, steel, aluminum, and automobiles [1][4] Group 2 - China has imposed significant tariffs on Canadian products, including a 100% tariff on canola oil and oilseed meal, and a 25% tariff on Canadian seafood and pork [3][4] - The Chinese Ministry of Commerce initiated an anti-dumping investigation into Canadian pea starch, citing a significant increase in imports at prices below domestic sales, which has harmed local industries [4] - The Canadian government is discussing support measures for farmers affected by the trade tensions, as China is a major market for Canadian canola, accounting for over 50% of its exports [4][5]

Group 1 - China has placed an order for 50,000 tons of Australian canola seeds, marking the first purchase since 2020, with a price of less than $600 per ton including shipping [1] - This order signifies a thaw in trade relations, as Australia is the second-largest exporter of canola seeds, and traders anticipate more orders to follow [1] - Canadian farmers are facing significant challenges due to the loss of China as a major customer, with the Canadian government’s actions leading to increased tariffs on Canadian canola seeds [3][5] Group 2 - The Canadian government’s decision to impose a 100% tariff on Chinese electric vehicles has resulted in retaliatory measures from China, including high tariffs on Canadian agricultural products [3][5] - The Canadian Canola Council has acknowledged that the market for Canadian canola seeds has effectively closed, leading to financial distress for farmers [3][5] - Australia is poised to capitalize on the situation, with plans to export 150,000 to 250,000 tons of canola seeds to China once trade agreements are finalized [5][7] Group 3 - The trade dispute has escalated, with Canada facing potential losses of up to 1 billion Canadian dollars in the canola industry due to the ongoing tensions with China [7] - The political responses from Canadian officials have been criticized as insufficient, with farmers expressing frustration over the lack of effective solutions to the trade issues [5][7] - The situation highlights the harsh realities of international trade, where market dynamics prioritize economic interests over political alliances [7]

Group 1 - Canada has implemented steel tariff quota measures and imposed discriminatory tariffs on products containing "Chinese steel components," leading China to file a lawsuit at the WTO on August 15 [1][5] - The trade dispute between China and Canada has escalated, with China recently announcing temporary anti-dumping measures on Canadian canola seeds [1][5] - The Canadian government has been facing challenges in its trade relations with China since the previous Trudeau administration imposed tariffs on Chinese electric vehicles and steel products [1][3] Group 2 - Canada has expanded its steel tariff quota and tightened existing quotas, imposing additional taxes on imports exceeding the quota, particularly targeting products containing Chinese steel [3][5] - In 2024, the bilateral trade volume between China and Canada is projected to be approximately CAD 120 billion, with significant steel import and export figures [3] - The Chinese Ministry of Commerce has criticized Canada's actions as unilateralism and trade protectionism, which disrupts the stability of global steel supply chains [5]

Group 1 - The Chinese Ministry of Commerce has preliminarily determined that imported canola seeds from Canada are being dumped, leading to the implementation of a temporary anti-dumping measure with a deposit rate of 75.8% [1] - The decision is seen as significant, indicating that China does not require Canadian canola seeds, and it is effective from this Thursday [1] - The Ministry's actions aim to protect the domestic canola industry from the impact of low-priced dumped products, following extensive consultations [2] Group 2 - In addition to the anti-dumping investigation on canola seeds, China has also imposed a 100% tariff on Canadian canola oil and meal since March [1] - The recent measures are expected to increase pressure on the Canadian government to address trade tensions with China, as Canada has previously announced tariffs on Chinese steel and aluminum products [2] - China has initiated anti-dumping investigations on Canadian pea starch and has identified dumping in brominated butyl rubber, which will also incur deposits [2]

商务部：自本公告发布之日起，商务部对原产于加拿大的进口豌豆淀粉进行反倾销立案调查，本次调查确定的倾销调查期为2024年1月1日至2024年12月31日，产业损害调查期为2021年1月1日至2024年12月31日。外汇交易员 (@myfxtrader):#新闻 国务院关税税则委员会：自2025年3月20日起，对加拿大菜子油、油渣饼、豌豆加征100%关税。对水产品、猪肉加征25%关税。 https://t.co/WyEe9ecr30 ...

Macroeconomic News - The State Council's Tariff Commission announced a 100% tariff on certain imported goods from Canada, including canola oil, oilcake, and peas, effective March 20, 2025 [1] - Canada plans to impose a 100% tariff on Chinese electric vehicles starting October 1, 2024, and a 25% tariff on Chinese steel and aluminum products from October 22, 2024, which China views as discriminatory and a violation of WTO rules [1][2] - The Ministry of Commerce of China expressed strong dissatisfaction with Canada's unilateral measures and initiated an anti-discrimination investigation, concluding that Canada's actions constitute discriminatory restrictions [2][3] Industry and Company News - Eastroc Beverage announced a revenue of 15.839 billion yuan for 2024, a year-on-year increase of 40.63%, and a net profit of 3.327 billion yuan, up 63.09% [13] - The company plans to distribute a cash dividend of 2.5 yuan per share, totaling 1.3 billion yuan [13] - Eastroc Beverage also announced plans to issue H-shares and list on the Hong Kong Stock Exchange [14] Real Estate and Urban Development - The Minister of Housing and Urban-Rural Development stated that the minimum height standard for residential buildings will be adjusted to no less than 3 meters [9] - The ministry is working on reforms to stabilize the real estate market, including the acquisition of existing residential properties and improving foundational systems for real estate development and sales [10] - Urban renewal projects will include old residential areas built before 2000, with a focus on improving living conditions and community facilities [11] Financial and Securities - The U.S. non-farm payrolls increased by 151,000 in February, falling short of the expected 160,000 [6] - Nasdaq plans to offer 24-hour trading on its stock exchange, pending regulatory approval, aiming to enhance trading flexibility [8] Investment Strategies - CITIC Securities highlighted the growth potential in the humanoid robot market, suggesting that companies involved in drive control systems could see significant opportunities as humanoid robots begin mass production [19] - Haitong Securities noted a recent phase of foreign capital returning to the Chinese market, particularly favoring technology stocks [20]

Core Viewpoint - The article discusses the imposition of tariffs by Canada on Chinese electric vehicles and steel products, which China views as discriminatory and a violation of international trade rules, prompting retaliatory tariffs on Canadian goods [1][2][7]. Group 1: Tariff Imposition by Canada - Canada announced a 100% tariff on Chinese electric vehicles starting October 1, 2024, and a 25% tariff on Chinese steel and aluminum products starting October 22, 2024 [1]. - The Chinese government condemns these actions as trade protectionism that disregards objective facts and World Trade Organization rules, severely harming China-Canada trade relations [1][2]. Group 2: China's Response - In response, China will impose a 100% tariff on Canadian canola oil, oilseed meal, and peas starting March 20, 2025, and a 25% tariff on Canadian seafood and pork [1]. - The Chinese Ministry of Commerce urges Canada to rationally view bilateral economic cooperation, respect objective facts, and immediately correct its erroneous practices [2][8]. Group 3: Product Lists for Tariffs - A detailed list of products subject to the 100% tariff includes various types of canola oil and oilseed meal [3]. - A separate list for the 25% tariff includes a range of seafood products such as frozen fish, lobsters, and crabs [5][6].