Opinion
Canadian farmers are understandably disappointed the federal government’s response to China’s punishing import tariffs on canola, pork, peas and seafood hasn’t so far included direct compensation.
After all, the duties are widely seen as retaliation for Canadian tariffs effectively locking Chinese electric cars out of the local market — a policy decision that had nothing to do with agriculture. This is the second time in recent memory China has targeted Canadian farmers to score points on unrelated issues. It’s unlikely to be the last.
While the full impact remains unclear, when Canada’s second-largest canola customer imposes tariffs of 75.8 per cent on seed and 100 per cent on oil and meal, it’s a safe bet demand will be curbed and prices will be lower than they would have been