China yesterday said that it would launch an anti-dumping probe into Canadian canola and chemical products, in apparent retaliation for Ottawa’s new restrictions on imports of Chinese electric vehicles (EVs).
Canadian Prime Minister Justin Trudeau last month announced tariffs of 100 percent on Chinese EVs, accusing Beijing of “not playing by the same rules as other countries” in areas such as environmental and labor standards.
The Chinese Ministry of Commerce said in an online statement that it “will initiate an anti-dumping investigation into canola imported from Canada, in accordance with the law.”
Photo: EPA-EFE
The ministry said domestic industries had recently reported that Canadian canola exports to China “have increased significantly,” reaching US$3.47 billion last year while prices “have continued to fall.”
Canadian exporters were “suspected of dumping” products into the Chinese market and that “China’s domestic canola-related industries have continued to incur losses under the influence of unfair competition by the Canadian side,” it said.
Beijing was “strongly dissatisfied and resolutely opposed” to the Canadian tariffs and planned to raise the issue with the WTO’s dispute resolution mechanism, it added.
China would also launch a similar probe into “relevant Canadian chemical products, based on applications by domestic industries,” the ministry said.
“China ... will take all necessary measures to defend the legitimate rights and interests of its enterprises,” it said.
Ottawa’s EV surtax, on top of existing import duties of 6.1 percent, is to be imposed from Oct. 1. A separate surtax on imports of steel and aluminum products from China is to take effect from Oct. 15.
Canada is among the world’s top producers of canola — an oilseed crop that is used to make cooking oil, animal feed and biodiesel fuel — and China has historically been one of its largest customers.
However, bilateral ties plunged into a deep freeze for several years from 2018, when Canada detained Huawei Technologies Co (華為) executive Meng Wanzhou (孟晚舟), while Beijing later arrested two Canadian nationals.
In 2019, Beijing banned imports from two Canadian canola providers — Richardson International Ltd and Viterra Inc — citing the detection of harmful organisms in the shipments.
Relations took a positive turn in September 2021, when Meng and the two Canadian nationals being held by China were all released after Meng reached a deal with US prosecutors.
In May 2022, China lifted its ban on canola imports from the Canadian firms.
Despite the relative detente, the two countries have in the past few years continued to have disagreements over a range of issues from trade and technology to human rights.
COMPETITION: AMD, Intel and Qualcomm are unveiling new laptop and desktop parts in Las Vegas, arguing their technologies provide the best performance for AI workloads Advanced Micro Devices Inc (AMD), the second-biggest maker of computer processors, said its chips are to be used by Dell Technologies Inc for the first time in PCs sold to businesses. The chipmaker unveiled new processors it says would make AMD-based PCs the best at running artificial intelligence (AI) software. Dell has decided to use the chips in some of its computers aimed at business customers, AMD executives said at CES in Las Vegas on Monday. Dell’s embrace of AMD for corporate PCs — it already uses the chipmaker for consumer devices — is another blow for Intel Corp as the company
MediaTek Inc (聯發科) yesterday said it is teaming up with Nvidia Corp to develop a new chip for artificial intelligence (AI) supercomputers that uses architecture licensed from Arm Holdings PLC. The new product is targeting AI researchers, data scientists and students rather than the mass PC market, the company said. The announcement comes as MediaTek makes efforts to add AI capabilities to its Dimensity chips for smartphones and tablets, Genio family for the Internet of Things devices, Pentonic series of smart TVs, Kompanio line of Arm-based Chromebooks, along with the Dimensity auto platform for vehicles. MeidaTek, the world’s largest chip designer for smartphones
TECH PULL: Electronics heavyweights also attracted strong buying ahead of the CES, analysts said. Meanwhile, Asian markets were mixed amid Trump’s incoming presidency Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares yesterday closed at a new high in the wake of a rally among tech stocks on Wall Street on Friday, moving the TAIEX sharply higher by more than 600 points. TSMC, the most heavily weighted stock in the TAIEX, rose 4.65 percent to close at a new high of NT$1,125, boosting its market value to NT$29.17 trillion (US$888 billion) and contributing about 400 points to the TAIEX’s rise. The TAIEX ended up 639.41 points, or 2.79 percent, at 23,547.71. Turnover totaled NT$406.478 billion, Taiwan Stock Exchange data showed. The surge in TSMC follows a positive performance
FUTURE TECH: Nvidia CEO Jensen Huang would give the keynote speech at this year’s Consumer Electronics Show, which is also expected to highlight autonomous vehicles Gadgets, robots and vehicles imbued with artificial intelligence (AI) would once again vie for attention at the Consumer Electronics Show (CES) this week, as vendors behind the scenes would seek ways to deal with tariffs threatened by US president-elect Donald Trump. The annual Consumer Electronics Show opens formally in Las Vegas tomorrow, but preceding days are packed with product announcements. AI would be a major theme of the show, along with autonomous vehicles ranging from tractors and boats to lawn mowers and golf club trollies. “Everybody is going to be talking about AI,” Creative Strategies Inc analyst Carolina Milanesi said. “From fridges to ovens