China drops rapeseed tariffs to 15%, suspends duties on canola & lobster. Canada opens quota for 49k Chinese EVs at 6% tariffs. Effective March 1.
Pragmatism wins.
— The Food Professor (@FoodProfessor) January 16, 2026
- China is reducing tariffs on Canadian canola and rapeseed to roughly fifteen percent.
- China is suspending duties on several Canadian agricultural products, including canola meal, lobsters, crabs, and peas.
- Canada is allowing up to forty‑nine thousand Chinese electric vehicles into the country at a tariff rate of about six percent, down from the previous one‑hundred‑percent tariff.
- The announcement was made during Prime Minister Mark Carney’s visit to Beijing, the first visit by a Canadian prime minister since twenty‑seventeen.
- Both governments describe the move as a reset in relations after years of tension.
- China has acknowledged expanded agricultural cooperation, even though it has not publicly confirmed every tariff detail.
- Canola markets reacted positively, with prices rising on expectations of renewed Chinese demand.