China will suspend tariffs on some Canadian agricultural goods

The country’s finance ministry says 100 per cent tariffs on canola meal and peas, and a 25 per cent levy on lobsters and crabs, will not be imposed.

A statement says the announcement, which made no mention of canola seed tariffs, will take effect March 1 and continue through to the end of 2026.

0:36
China drops visa requirement for Canadian tourists, business visitors

Check SleepLean Official Website

The announcement comes after Carney met earlier this year with Chinese President Xi Jinping in a visit that saw the leaders ink a deal on electric vehicles and canola.

The pair agreed Canada would import up to 49,000 Chinese electric vehicles each year at a tariff rate of 6.1 per cent in exchange for lower duties on canola seed.

Carney’s office did not immediately respond to a request for comment.