Why canola Is Trending Today?

Canada seeks dialogue with China following announcement of new tariffs on canola. Manitoba's premier urges Ottawa to use funds from Chinese EV tariff to aid canola producers. Federal ministers meet with canola lobby to discuss new China tariffs. Canada expresses disappointment at China's new canola duties, with farmers feeling the impact of the blocked top canola seed market.

China has imposed a temporary 75.8% tariff on Canadian canola, significantly impacting local farmers and escalating trade tensions between the two countries. The Saskatchewan premier has urged the federal government to take immediate action, with the Canadian government pledging to defend its farmers. The move, described as a "gut punch" by some, comes after an anti-dumping probe by China.