Canada-China Tariff Deal Ends 100% Canola, Peas Duties
Canada and China cut canola and pea tariffs to zero, benefiting Saskatchewan’s $44bn canola sector.
Canada and China have reached a preliminary agreement that will remove all tariffs on canola meal and peas, and cut canola seed duties to 15%, effective March 1. The deal, announced by Saskatchewan premier Scott Moe in Saskatoon on Friday, follows last March’s 100 % tariffs that halted Canadian canola and pea exports. In return, Canada will slash tariffs on Chinese electric vehicles. Saskatchewan, which produces 55 % of Canada’s canola, stands to benefit: the canola industry employs over 200 000 people and is a $44 billion sector. In 2024, canola trade with China was worth about $5 billion; the tariff cut is expected to revive exports and lift prices. The agreement also signals progress toward wider trade talks, including EV and auto sectors.
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