This is Andrew Pach with World Business Report on the way.
The impact of new tariffs from China on Canada's fishing industry.
Our fleets at the moment are tied up because we don't really know what's going to happen.
It means that fishermen can't go fishing because there's no one to buy the fish and export it.
Well, debt has surged to $25 trillion, according to the OECD.
I'll talk to one of its directors.
The cost of refinancing all these huge debt that is already out may leave less space for this penny.
So that's why, you know, efficiency is important.
That's why structural reforms are important, to boost, you know, growth.
And as Kirsty Coventry is elected the first woman president of the International Olympic Committee,
does hosting the Games still make economic sense?
First, a new front has opened up in the tariff trade wars.
This time it doesn't involve Donald Trump and the U.S. it's Canada on the receiving from today,
China is imposing 25% tariffs on a variety of seafood products in retaliation for Canadian tariffs on electric vehicles.
It's part of a package of Chinese tariffs on Canadian agriculture and food products estimated to be worth $256 billion.
Analyst Dan Wang is China director of the Eurasia Group in Singapore.
There are mainly five items in agricultural goods, and they are rapeseeds,
oil cakes, peas, seafood, which are mostly lobster and crabs, also pork.
So among all those items, seafood has the highest export value, followed by oil crops and then pork.
And why these specific products?