‘A lot more work’: Canadian farmers react to suspension of some canola tariffs from China
BNN Bloomberg
China has suspended some tariffs on Canadian canola, peas and seafood through 2026. Farmers say the move offers relief but warn more work is needed to fully restore trade.
On Friday, the country’s finance ministry announced that the 100 per cent tariffs on canola meal and peas, and a 25 per cent levy on lobsters and crabs, won’t be imposed.
The changes will continue until the end of 2026.
This comes following a recent visit to China by Prime Minister Mark Carney, where he and Chinese President Xi Jinping reached a deal on electric vehicles and canola.
The agreement sees Canada importing up to 49,000 Chinese electric vehicles each year at a tariff rate of 6.1 per cent in exchange for lower duties on canola seed.
The latest deal with China made no announcement regarding canola seed tariffs, which Carney had previously said would be lowered by now.
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