China uses food as high-impact, low-cost weapon in trade war against US

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China uses food as high-impact, low-cost weapon in trade war against US - Business Standard

Quick Summary:

China’s consumer inflation dropped far more than expected to fall below zero for the first time in 13 months, an assessment skewed by seasonal distortions but also a sign of deflationary pressures persisting in the economy.

China said it will impose retaliatory tariffs on imports of rapeseed oil, pork and seafood from Canada as the trade war escalates.

In a separate move on Saturday, Beijing imposed retaliatory tariffs on a range of Canadian agricultural goods that will come into effect on March 20.Ensuring that 1.4 billion citizens are adequately fed continues to top the policy agenda.