OTTAWA (Reuters) – Canada stated on Tuesday it was thinking about a prospective surtax on Chinese important mineral items, batteries and components, solar items, and semiconductors, an action which might trigger extra revenge from Beijing.
Canada introduced last month it would certainly enforce a 100% toll on imports of Chinese electrical automobiles and introduced a 25% toll on steel and light weight aluminum from China.
The financing ministry stated in a declaration it was releasing a 30-day public assessment duration on the prospective surtax. It ran a comparable workout prior to the very first toll statement.
“Canadian workers, the auto sector, and related critical manufacturing supply chains currently face unfair competition from Chinese producers, who benefit from China’s intentional, state-directed policy of overcapacity,” it stated.
A Chinese consular office speaker explained the Canadian statement as “expanding its unilateralism and protectionism measures”, including that “China strongly opposes such measures and will continue to take resolute measures to defend its legitimate rights.”
China, which deplored the tolls introduced in August, introduced on Monday the begin of a 1 year anti-dumping examination right into imports of rapeseed from Canada.
(Reporting by David Ljunggren; Editing by William Maclean and Deepa Babington)
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