China Escalates Canada Trade Spat With More Canola Levies

China will implement more levies on Canadian rapeseed after an anti-dumping probe, escalating a trade spat that’s disrupted crop flows.

The 75.8% duty on rapeseed — known in Canada as canola — will be imposed by the Asian nation from Aug. 14 after a preliminary ruling that Canadian imports constitute dumping, according to a statement from China’s commerce ministry. Benchmark futures in New York tumbled as much as 6.6% following the announcement, reaching the lowest level since April.