Friday, January 16, 2026

China-Canada reach tariff truce


 

Canada has agreed to allow 29,000 Chinese-made electrical vehicles into the country at a six per cent tariff in exchange for China allowing a resumption of canola seed, oil and meal imports at a 15 per cent tariff and relaxation of tariffs on Canadian peas, lobsters and crabs.


The deal apparently does not include Canadian pork.


China’s reduced tariffs take effect in March and last until the end of the year.


Prime Minister Mark Carney described the trade deal as preliminary.


Earlier in the two days of negotiations, Canada lifted a ban on Chinese investments in Alberta’s oilsands.