China suspending some agricultural tariffs on…


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.



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