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China Imposes New Tariffs on Japan, Canada Imports Starting March 14 Amidst Global Trade Tensions
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China Slaps Tariffs on Japan, Canada Imports; Global Trade Tensions Rise
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CNBC Awaaz
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13-03-2026, 16:07
China Slaps Tariffs on Japan, Canada Imports; Global Trade Tensions Rise
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China's Ministry of Commerce announced tariffs up to 30.1% on certain imported products from Japan and Canada.
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The new tariffs will take effect on March 14 and remain in force for the next five years.
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Decision aims to protect domestic industries from pricing and trade practices of imported goods.
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Move signals rising protectionism and increasing economic competition in global trade.
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Expected to impact international supply chains, several industries, and potentially escalate trade tensions.
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