Will China target Canadian exports over executive’s arrest?
The Canadian government’s arrest of Huawei CFO Meng Wanzhou at the request of U.S. authorities prompted outrage in China—along with seemingly retaliatory arrests of several Canadian citizens. There have also been calls on social media to boycott all Canadian brands.
The tension could conceivably also affect canola imports. Though it is yet unclear if there could be specific government retaliation, China is one of the main importers of the crop. Official moves might not be seen, however, as Chinese authorities have decried the politicization of this case, particularly after the White House teased the prospect of using the Wanzhou case as a bargaining chip in trade negotiations.
Canadian canola production & exports
Posted by: Information Services Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.