China announced on Aug. 12 that it would impose tariffs on canola and rubber products imported from Canada, escalating trade tensions between Beijing and Ottawa.
China will implement a 26.2 percent duty on halogenated butyl rubber imported from Arlanxeo Canada, and a 40.5 percent duty will be levied on the same products from other Canadian companies, according to a statement from the Chinese Ministry of Commerce.
The tariffs, effective on Aug. 14, came a year after Beijing initiated a probe of commodity imports from Canada, Japan, and India.
The commerce ministry said on Aug. 12 that Japanese exporters of halogenated butyl rubber would incur a levy of up to 30.1 percent, while Indian producers will be exempt from new tariffs….