China has announced retaliatory tariffs targeting Canadian pea imports following Canada's decision to impose a 100% tax on Chinese electric vehicles and a 25% duty on steel and aluminum. The new measures will include a 100% tariff on Canadian peas, part of a broader package affecting $2.6 billion worth of Canadian agricultural and food products. The tariffs are set to take effect on March 20.
China's decision comes after an anti-dumping investigation into Chinese pea protein concentrate imports, initially launched by the United States and Canada in 2023. By August 2024, the U.S. Department of Commerce determined that four Chinese manufacturers would face countervailing duties of 355%, with producers under government control subject to anti-dumping duties nearing 270%. Canada conducted a parallel investigation and issued similar determinations in November 2024.
The anti-dumping measures were implemented in response to concerns from domestic producers seeking fair competition in the market. The Expana Benchmark Price for pea protein concentrate in North America was most recently assessed at $1.40 per pound, reflecting a 5% year-on-year increase. Despite a current surplus in storage, the ongoing tariff developments continue to influence trade dynamics in the pea sector.
Source: Mintec/Expana