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china strikes back! the closing of the door to peace talks has caused an international sensation. what will happen next?

2024-09-08

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【itbear】september 8 news: recently, tensions between china and canada have escalated. the canadian government has imposed tariffs on chinese electric vehicles and steel and aluminum products, triggering a strong reaction from china. a spokesperson for the ministry of commerce of china announced that it will launch an anti-dumping investigation on canadian rapeseed and related chemical products, which has caused serious concerns in the canadian agricultural sector. lawrence macaulay, minister of agriculture and agri-food of canada, expressed "deep concern" and is closely following the development of the situation.

at the same time, trade frictions between china and the eu have intensified. since the eu imposed high tariffs on chinese electric vehicles on july 5, the two sides have failed to reach a consensus in consultations, leading to further escalation of trade tensions. the eu's move was regarded by china as protectionism and discriminatory practices, and china has taken resolute countermeasures. previously, china has launched an anti-dumping investigation on imported pork and pork by-products from the eu, showing china's determination to safeguard its own rights and interests.

in addition to pork, the european wine industry has also felt the chill of the chinese market. in the first seven months of this year, europe's wine exports to china fell sharply, with spain's decline being particularly significant. this reflects that the sino-european trade friction has had a significant impact on multiple industries on both sides.