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 China during a visit in January.
China will suspend 100 per cent tariffs on Canadian canola meal and pea imports and will halt 25 per cent tariffs on lobster and crab imports from March 1 through the end of 2026, the finance ministry said in a statement.
The outcome broadly aligns with Carney’s expectations. But the Chinese announcement made no mention of canola seed tariffs, which Carney had previously said would be lowered by March 1.
