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Nutrien Ltd
Symbol NTR
Shares Issued 494,752,156
Close 2024-09-09 C$ 62.51
Market Cap C$ 30,926,957,272
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Globe/wire say Nutrien hears China starts canola probe

2024-09-10 06:43 ET - In the News

The Globe and Mail reports in its Tuesday, Sept. 10, edition that China is beginning a one-year anti-dumping investigation into imports of canola from Canada. A Reuters dispatch to The Globe reports that this decision comes shortly before Ottawa's implementation of 100-per-cent tariffs on Chinese-made electric vehicles and other products. Tensions have been rising between Beijing and the West following the imposition of tariffs on imports of electric vehicles from China by Canada, the United States and the European Union. The probe was declared by the Commerce Ministry. Preliminary evidence indicated that dumping had occurred. Seeking to avert a wide-ranging trade war, Chinese President Xi Jinping met with Spanish Prime Minister Pedro Sanchez on Monday. In response to China's anti-subsidy investigation into dairy imports from the European Union and anti-dumping investigation into EU pork imports, Mr. Sanchez emphasizes the desire to establish a fair competitive environment in collaboration with Chinese companies. The Commerce Ministry stated that dumping Canadian imports has caused harm to the domestic industry due to increased imports and declining prices. Over half of Canada's exported canola goes to China.

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