China to launch anti-dumping probe into Canadian canola exports

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Financial Times 10h ago

China to launch anti-dumping probe into Canadian canola exports - Financial Times

Quick Summary:

Last week, Beijing declined to impose tariffs on French cognac producers after an eight-month investigation but accused them of dumping brandy.

The move marked the latest escalation in trade tensions centred on China’s booming EV industry, which has prompted fears abroad of excessive production and falling prices.

China’s commerce ministry on Tuesday said Canada had “significantly” increased exports of the agricultural product and was “suspected of dumping”, adding that domestic manufacturers had incurred losses as a result.