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Canada codified its side of the January 2026 China arrangement, including a 49,000-vehicle EV quota at 6.1% tariff. China's canola seed tariff cut from about 85% to 14.9% was implemented through an anti-dumping ruling with a five-year term.
The tariff suspensions on canola meal, peas, lobster and crab, worth about $2.4 billion annually, expire December 31, 2026, with no extension announced.
The unextended canola meal suspension creates a year-end risk that Chinese demand for Canadian meal could fall, which supports canola meal prices in the near term. The one-year duration of the meal relief makes buyers price in a potential reversal.
thereceipts.caCharles JesseJul 10, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
