Mandryk: Western Canadian canola farmers caught in tariff war ... and a lot of politicking
It's downright maddening when politics further threatens your livelihood. But even so, canola producers need to understand the politics.
You can save this article by registering for free here. Or sign-in if you have an account.
Make no mistake that China’s tariffs on Canadian canola oil and meal are horrific … and, sadly, all too familiar.
Farmers have good reason to be angry … although this is a more complex issue than current politicking suggests. China is in the process of imposing 100 per cent tariffs on Canadian canola oil and meal.
It is important to note these tariffs do not apply to bulk canola, but it’s also important to note China accounts for more than half of all canola exports from a $44-billion industry. Moreover, processed canola products are also a growing export and are creating jobs in canola crushing.
It’s hard enough trying to a make a living when you are always at the mercy of the weather. It’s downright maddening when politics further threatens your livelihood. But as such, canola producers need to understand the politics.
The Chinese tariffs are in response to Canada’s 100 per cent levies on Chinese-made electric vehicles (EVs) and a further 25 per cent tax on Chinese steel and aluminum.
Subscribe now to read the latest news in your city and across Canada.
Subscribe now to read the latest news in your city and across Canada.
Create an account or sign in to continue with your reading........
© Saskatoon StarPhoenix
