China has announced additional tariffs on Canadian imports in response to earlier Canadian tariffs on Chinese goods. The new tariffs, set to take effect on March 20, 2025, will target Canadian products such as rapeseed oil, oil cakes, peas, aquatic products, and pork. This escalation in trade dispute between China and Canada follows a pattern of rising global trade tensions and is impacting global trade flows and stock markets. Despite the trade chaos, the crypto market has seen a slight uptick in interest, potentially linked to discussions about the US government's proposal for a national crypto reserve. Additionally, the United States, under President Trump's leadership, has announced plans for reciprocal tariffs on countries like the European Union, Canada, and South Korea. The full impact of these tariffs is still unclear but could be far-reaching, especially for US companies that rely on international trade.



Other News from Today