The provisional rate, which was unexpected, will be set at 75.8 percent and will be effective from Thursday, China said.
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China has announced preliminary anti-dumping duties on Canadian canola imports, a new escalation in the yearlong trade dispute that began with Ottawa’s imposition of tariffs on Chinese electric vehicle imports last August.
The provisional rate will be set at 75.8 percent, effective from Thursday, the Ministry of Commerce said in a statement on Tuesday.
Intercontinetal Exchange (ICE) November canola futures RSX5, the global benchmark for canola trading, fell 6.5 percent to a four-month low after the announcement.
