US EditionChina suspends some canola, seafood tariffs on Canada after Carney visit
China will suspend tariffs on Canadian canola meal, peas, lobster, and crab from March 1 to 2026 to ease trade tensions after a deal during Canadian PM Carney’s visit.
- China's finance ministry announced it will suspend 100-per-cent tariffs on Canadian canola meal and peas and halt 25-per-cent tariffs on lobster and crab imports from March 1, 2026 through the end of 2026.
- Prime Minister Mark Carney secured the initial January deal with Chinese President Xi Jinping, agreeing to import up to 49,000 Chinese electric vehicles at a 6.1 per cent tariff in exchange for lower canola duties.
- Despite the announcement, Chinese buyers have already booked Canadian canola cargoes for March, while Ottawa expected canola seed tariffs to be lowered from 84 to about 15 per cent.
- Canada's canola exporters stand to benefit as China was the second-largest canola market in 2024, and the tariff suspensions could revive shipments after the trade spat.
- A probe into Canadian canola is set to conclude on March 9, 2026, and Beijing could still announce further adjustments by the March 1 deadline, amid Western visits and U.S. trade policy tensions.
28 Articles
28 Articles
China is officially suspending certain tariffs on Canada after Carney's visit
China's government says it will suspend some tariffs on Canadian agricultural goods following a recent visit by Prime Minister Mark Carney.The country's finance ministry says 100 per cent tariffs on canola meal and peas, and a 25 per cent levy on lobsters and crabs, will not be imposed.A statement says the announcement, which made no mention of canola seed tariffs, will take effect March 1 and continue through to the end of 2026.The announcement…
China Drops Some Agricultural Tariffs on Canada, but Not on Canola Seeds
Beijing says several tariffs on Canadian agricultural products will be lifted effective March 1, following an agreement reached during Prime Minister Mark Carney’s visit to China. The Chinese ministry of commerce said on Feb. 27 that the 100 percent tariffs on Canadian canola meal and pea imports, and the 25 percent tariffs on lobster and crab will be suspended until the end of 2026. However, Beijing did not announce a change to the combined tar…
China suspending some agricultural tariffs on Canada starting March 1
China said on Friday it would suspend some tariffs on Canadian agricultural products imposed during a trade spat between Beijing and Ottawa, after Canadian Prime Minister Mark Carney struck an initial deal with Beijing during a visit in January.
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