Australian Broadcasting Corporation (ABC) wrote today (August 21): "China has imposed a 75.8% deposit on Canadian canola, restricting Canadian canola exports to China. At the same time, Australian canola has been able to return to the Chinese market. This is the first time since 2020 that Australian canola has been exported to China. At that time, China banned Australian canola exports to China due to phytosanitary issues. ... COFCO has ordered five thousand tons of canola from Australia."
[Witty] Comment: The situations of Australia and Canada are completely different. Back then, it was the Morrison government in Australia who deliberately provoked China, leading to the deterioration of Sino-Australian trade relations. While Canada imposed tariffs on Chinese electric vehicles, steel, and aluminum products in September 2024, China launched a "non-discrimination investigation" and announced an anti-dumping investigation on Canadian canola, starting from August 14 this year, imposing a 75.8% deposit. This effectively means that Canada should look for other markets, as China no longer needs it, and this is precisely the canola harvest season. The area of canola cultivation in Canada exceeds 12 million acres, involving more than 200,000 jobs, with employment scale far exceeding the combined total of industries such as steel. However, it now faces the dilemma of losing the Chinese market.
Original article: www.toutiao.com/article/1840931741945987/
Statement: The article represents the personal views of the author.