Advertisement
Canada markets open in 2 hours 30 minutes
  • S&P/TSX

    24,162.83
    +194.33 (+0.81%)
     
  • S&P 500

    5,751.07
    +51.13 (+0.90%)
     
  • DOW

    42,352.75
    +341.15 (+0.81%)
     
  • CAD/USD

    0.7359
    -0.0009 (-0.12%)
     
  • CRUDE OIL

    76.33
    +1.95 (+2.62%)
     
  • Bitcoin CAD

    85,466.37
    +1,178.28 (+1.40%)
     
  • XRP CAD

    0.73
    +0.01 (+0.71%)
     
  • GOLD FUTURES

    2,676.40
    +8.60 (+0.32%)
     
  • RUSSELL 2000

    2,212.80
    +32.65 (+1.50%)
     
  • 10-Yr Bond

    3.9810
    +0.1310 (+3.40%)
     
  • NASDAQ futures

    20,096.50
    -130.75 (-0.65%)
     
  • VOLATILITY

    21.17
    +1.96 (+10.20%)
     
  • FTSE

    8,311.18
    +30.55 (+0.37%)
     
  • NIKKEI 225

    39,332.74
    +697.12 (+1.80%)
     
  • CAD/EUR

    0.6706
    -0.0003 (-0.04%)
     

China requests consultations with Canada at WTO over tariffs

A logo is seen at the WTO in Geneva

BEIJING (Reuters) -China said on Friday it had requested talks with Canada at the World Trade Organization on tariffs Ottawa has imposed on its electric vehicles as well as steel and aluminum goods, the same week Beijing announced plans to probe Canadian canola imports.

Beijing on Tuesday announced it planned to start an anti-dumping investigation into canola imports from Canada, a week after Ottawa joined the U.S. and EU and imposed a 100% tariff on Chinese EVs and a 25% tariff on its imported steel and aluminum.

"On September 6, China lodged a request for consultations with Canada at the WTO regarding Canada's additional tariffs on electric vehicles and steel and aluminum products," a statement from China's commmerce ministry said.

"Canada has disregarded WTO rules and violated its commitments within the WTO by proposing to impose additional tariffs of 100% and 25%."

"China urges Canada to abide by WTO rules and immediately correct wrongdoings," the statement concluded.

(Reporting by Beijing newsroom; Editing by Christina Fincher and Kim Coghill)