IMAGE CREDIT: Canadian Chamber of Commerce China’s decision to slap duties on Canadian canola is meant to send a message: submit to removing the tariff on Chinese EVs, or pay the price. For too long, Beijing has treated Canadian farmers as pawns in a geopolitical chess game. But this time, the message should go the other way. Canada holds the trump card. If we call China’s bluff, absorb the short-term cost, and invest in value-added capacity, we can break the cycle of economic coercion once and for all ... ... in 2024, China bought roughly 4.6 million tonnes of Canadian canola, nearly half our exports, worth $4.9 billion CAD. That concentration makes farmers vulnerable, but it also proves Canada’s leverage in the canola market. China cannot easily replace millions of tonnes of high-quality seed. China is already diversifying its imports to buy from India and Australia, but its volumes and quality don’t come close to filling the gap ... CLICK HERE for the full story
A discussion on political, economic and social issues in British Columbia, and Canada