Chinese rapeseed meal futures rise after tariffs on some Canadian imports
BEIJING, March 10 (Reuters) - China's most active Zhengzhou rapeseed meal futures rose 6% at the open on Monday, the first day of trading after China imposed tariffs on imports of Canadian rapeseed oil, oil cakes and other farm products.
The levies, which are scheduled to take effect on March 20, will apply a 100% tariff to just over $1 billion of Canadian rapeseed oil, oil cakes and pea imports, and a 25% duty on $1.6 billion worth of Canadian aquatic products and pork.
The levies match the 100% and 25% import duties Canada slapped on China-made electric vehicles and steel and aluminium products just over four months ago.
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