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China has announced additional tariffs on Canadian imports, escalating a trade dispute. This move comes as a response to earlier Canadian tariffs on Chinese goods. The tariffs, set to take effect on March 20, 2025, will target Canadian products, including a 100% tariff on rapeseed oil, oil cakes, and peas, and a 25% tariff on aquatic products and pork. The growing trade dispute between China and Canada unfolded after Canada imposed tariffs on Chinese goods that were aimed at China’s trade practices. In retaliation, China has shifted its focus to Canadian exports. This new wave of tariffs follows a pattern of rising global trade tensions. Similarly, the United States has also expanded its trade war to include the European Union, Mexico, Canada, and South Korea. US actions have been prompted by concerns over national security related to imports and attempts to address what it sees as unfair trade practices. Related: Trump and Trudeau in Talks: Will Tariffs Be Lifted Today? Global Impact on Trade and Economy: The impact of these tariffs is already evident in global markets. As countries like China and the US continue to enforce tariffs and non-tariff barriers, global trade flows have slowed, and stock markets have experienced volatility. Companies, particularly in the manufacturing sector, have faced rising costs, while producers and suppliers have been forced to look for alternative markets to minimize the impacts of tariffs. Interestingly, despite this trade chaos, certain sectors have experienced unexpected shifts. Notably, the crypto market saw a slight uptick in interest, potentially tied to discussions surrounding the US government’s proposal for a national crypto reserve. Under President Trump’s leadership, the United States has announced plans for reciprocal tariffs aimed at nearly all US trade members. Expected to be released on April 2, 2025, these tariffs will address what the White House considers unfair trade policies from countries like the European Union, Canada, and South Korea. Related: China vs. Trump Tariffs: Global Markets Shaken, Crypto Beckons However, Peter Navarro, a senior trade adviser, confirmed that inverse tariffs are certain , with the aim of reshaping the relationship between the US and its global trade partners. While the full scope of these tariffs is still unclear, their likely impact could be far-reaching, especially for US companies that depend on international trade. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Breaking: #China announces retaliatory tariffs on some Canada farm, food products. A 100% tariff will be applied to Canadian rapeseed oil, oilcakes and peas from March 20, while an additional 25% tariff will be imposed on aquatic products and pork, the commerce ministry said in a statement.

The American stock market has just experienced a financial earthquake. In just a few hours, 3.4 trillion dollars vanished, wiping out the post-election gains in one fell swoop. A catastrophic scenario that plunges Wall Street into an unprecedented stupor. And in the crosshairs? Donald Trump, whose new trade tariffs have lit the fuse of a crisis with global repercussions. The S&P 500 plummeted by 2% at the opening, sweeping away like a house of cards the 3.4 trillion amassed since the 2024 election . The indices are flashing blood red on the stock market: the Russell 2000, a barometer of local businesses, has collapsed by 14% since November. Even the tech giants, normally used to turbulence, are faltering. Nvidia is down 24%, and Tesla is crashing by 45%. Has the speculative bubble finally burst? Worse yet, markets now anticipate three interest rate cuts from the Fed this year, up from two previously. Investors, gripped by panic, are fleeing to safe havens: gold, government bonds… and even bitcoin, paradoxically on a rebound . The distrust is palpable. “No one thought Trump would go all the way,” whispers a New York trader. Mistake. The tariffs on Canada and Mexico have turned euphoria into a financial hangover. But the nightmare does not stop at the numbers. Inflation threatens, industrial production is stagnant. Cyclical sectors, such as automotive or energy, are being crushed. Only public services and health are resisting. A reshuffling of the cards that reveals a weakened American economy, far from the promised “America First”. China was quick to retaliate. Beijing is now imposing tariffs on American soybeans, pork, beef, and wheat. A targeted attack, directly aimed at Trump’s rural electoral strongholds. Soybeans, a symbol of past tensions, have dropped to $9.91 per bushel, their lowest since January. Corn is following, plummeting by 3%. “China has diversified its supply. It no longer needs US farmers,” analyzes Hanver Li from Shanghai JC Intelligence. American farmers, already strangled by three years of declining income, fear the worst. The costs of seeds and fertilizers are skyrocketing, and exports to Asia are drying up. In 2020, Trump saved the sector with emergency aid. Today, Brooke Rollins, Secretary of Agriculture, promises $30 billion in subsidies. A band-aid on a wooden leg, according to Dan Basse of AgResource : “Without a new trade agreement, these measures are just a mirage.” And Canada? Ottawa is counterattacking by taxing $107 billion worth of US products, from cheese to candy. Mexico is preparing its response. The result: the American agricultural trade deficit reaches a record $49 billion. A downward spiral, where every protectionist measure exacerbates the imbalances. “This could trigger a much larger economic conflict,” warns Kang Wei Cheang of StoneX. The stock market is navigating uncharted territory. Between flash crashes and a trade war, the 3.4 trillion evaporated might just be a foretaste. Trump, cornered, is gambling everything on an aggressive policy. But at what cost? The markets have already chosen: they vote with their wallets. And for now, the verdict is unequivocal. Mrs panic on the bitcoin has reached a critical threshold.

China is set to reveal its economic targets for 2025, following the rising economic uncertainty supposedly caused by trade war threats from US President Donald Trump. The annual meeting of the National People’s Congress (NPC) will begin on March 5 in Beijing, where Premier Li Qiang will deliver the Government Work Report. According to a Tuesday Bloomberg update, the closely watched document will list the Asian country’s economic goals, including targets for GDP growth, inflation, employment, and the fiscal deficit. Economists expect the Chinese government to focus on strengthening domestic demand, expanding social support measures, and ensuring stability in the labor market. Yet, Beijing’s economic roadmap may soon be overshadowed by a wave of US trade sanctions, with multiple investigations into China’s trade practices set to reach Trump’s desk on April 1. Beijing economic goals predictions for 2025 China’s inflation data, which came out before the NPC meeting, shows that the consumer price index rose from 0.1% in Dec to 0.5% in Jan 2025. This was higher than the 0.4% that the market had expected. Food prices, which had been in decline at the end of 2024, rebounded in January, with pork prices rising 13.8% year-over-year and fresh vegetables seeing a 2.4% increase. Increases in healthcare, education, and housing costs caused non-food commodities to rise. China’s economic policymakers are expected to set a GDP growth target of around 5%, though some analysts anticipate a range of 4.5% to 5%. Inflation targets are also likely to be revised, with economists from Citigroup predicting that the consumer price index (CPI) goal will be lowered from 3% to 2%. Fiscal policy is forecasted to take a more expansionary approach, with HSBC economists forecasting a broad-based fiscal deficit of 9.1% of GDP, an increase that exudes a more aggressive stimulus plan. In the labor market, the government is expected to set a goal of at least 12 million new urban jobs, aligning with the number of college graduates entering the workforce this year. Spending priorities will likely focus on domestic consumption and industrial upgrades. UBS analysts anticipate an expanded trade-in program for consumer goods, increased corporate investment in equipment, and large-scale infrastructure projects. Beijing could consider providing capital injections for banks to facilitate debt restructuring for local government financing vehicles and offering subsidies to families with young children. In turn, pensions for retirees may also see an increase. Per sources familiar with the matter, cited by Bloomberg, these economic targets and policies have been formulated behind closed doors over several months and are largely insulated from external pressures. They will be tested by the potential escalation of US trade tensions in the weeks following the NPC meeting. US trade tensions loom over policy plans China’s policymakers are indeed seeking to stabilize economic growth, but they must also contend with the threat of President Trump’s sanctions. The Trump administration is reportedly working on new trade restrictions to limit China’s technological advancements. The US government wants to introduce tougher semiconductor export controls and efforts to push key US allies, such as Japan and the Netherlands, to tighten restrictions on China’s access to advanced chip-making technology. Recent meetings between Trump officials and their Japanese and Dutch counterparts have explored ways to restrict engineers from Tokyo Electron Ltd. and ASML Holding NV from servicing semiconductor manufacturing equipment in China. The discussions suggest Washington is headstrong on restricting Beijing’s ability to develop its chip industry, efforts that began under the Biden administration. US officials could also consider adding new sanctions on several types of Nvidia chips that can be exported to China without a license. There are also early-stage talks about imposing stricter limits on the number of AI chips that can be shipped globally without the American government’s approval. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

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