Global News Of Note: China Retaliates After Canada Imposes Duties On Metals
What happens abroad impacts MSCI members in North America. Here is the latest economic, trade, and other policy news of note for the last week:
- As The Associated Press reported, the Chinese government will impose retaliatory tariffs on some Canadian farm and food imports after Canada imposed duties on Chinese-made electric vehicles and steel and aluminum products. (Those penalties have been in place since last October.) The new duties will become effective March 20. Specifically, China will assess 100 percent tariffs on Canadian rapeseed oil, oil cakes, and peas and 25 percent tariffs on pork and aquatic products.
- The Associated Press also reported, China’s export growth slowed in the first two months of 2025 compared to the end of 2024. Exports rose by just 2.3 percent from a year earlier, a significant drop from the 10.7 percent growth recorded in December and the 7.1 percent expansion seen over the same period in 2024. Exports to the U.S. grew 2.3 percent in annual terms in January and February while shipments to the European Union and Japan grew just 0.6 percent and 0.7 percent respectively.