Canadian farmers stand to lose profits as Chinese tariffs take effect

Pumpjacks draw out oil and gas from well heads surrounded by Canola fields near Cremona, Alta., Monday, July 15, 2024. THE CANADIAN PRESS/Jeff McIntosh Saskatchewan producers are frustrated as they watch the price of their hard work drop due to a two-front trade war. China's 100 per cent tariffs on certain Canadian canola products are officially in place, just weeks before farmers begin planting their crops. As a result of the uncertainty, the price of canola has been dropping. It is now down about $2 a bushel. Clinton Monchuk is a fourth-generation farmer. His family has farmed land near Lanigan,…