Canada, China Strike Deal to Lower Canola, EV Tariffs
Canada, China Strike Deal to Lower Canola, EV Tariffs
Ottawa and Beijing have struck a deal to unwind punitive tariffs that have weighed heavily on Canada’s agricultural exports, most notably canola.
Under a preliminary agreement announced by Prime Minister Mark Carney Friday, China will reduce tariffs on Canadian canola seed by March 1, 2026, lowering the combined rate to roughly 15% from current levels near 85%.
The agreement also includes relief for other key agri-food products. Canadian canola meal, peas, lobsters and crabs are expected to be e
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