Saskatchewan warns of Chinese tariffs on canola

Saskatchewan Premier Scott Moe has warned that China's tariffs on canola could harm western Canada's economy. He described these tariffs as the most urgent threat as trade tensions rise between Canada and the United States. Recently, China imposed a 100% tariff on Canadian rapeseed oil and meal, known as canola. This came after Canada placed tariffs on Chinese electric vehicles, steel, and aluminum. China also added smaller tariffs on pork and seafood from Canada. Meanwhile, the U.S. is considering increasing tariffs on various Canadian goods. Moe has urged Canadian Prime Minister Mark Carney to engage with China to resolve the tariff issue, especially if he wins the upcoming election. Saskatchewan holds about 60% of Canada's canola refining capacity, employing around 55,000 people. Despite trade concerns, Moe remains optimistic about resolving disputes with the U.S. He believes cooperation is essential for the value-added economy in North America. Carney, recently sworn in as Prime Minister, faces a close election against the Conservative Party led by Pierre Poilievre. After the election, Moe expects the approval process for new oil and gas projects in Canada to improve, following years of stricter environmental regulations.