China Adds New Taxes on Canadian Goods After Trade Disagreement 🇨🇳🇨🇦
Hey there! Did you hear about the latest news between China and Canada?
China has decided to add extra taxes, called “tariffs,” on some things it buys from Canada. Starting from March 20, if China imports certain products from Canada, they’ll cost more money.
So, what items are affected? 🤔
- Rapeseed oil, oil cakes, and peas: These will have an extra 100% tariff. That means they’ll cost twice as much!
- Seafood and pork: These will have an extra 25% tariff. They’ll be a bit more expensive.
Why is this happening?
China did a special investigation and found that some of Canada’s rules were making it hard for Chinese products to be sold in Canada. They believe these rules aren’t fair and are hurting Chinese businesses.
So, to respond, China is adding these extra tariffs to Canadian goods. It’s like when someone isn’t playing fair in a game, and you decide to take action.
Trade between countries can be complicated, but it’s important for everyone to play by the rules so businesses and people can benefit. Let’s hope China and Canada can work things out soon! 🌎🤝
Reference(s):
cgtn.com
