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Canada agreed to cut its 100% tariff on Chinese EVs to 6.1% for an initial 49,000 units, and China reduced or suspended tariffs on some Canadian agricultural and seafood products in return. Chinese canola seed tariffs fell from about 85% to about 15%, and the 100% tariffs on canola meal and peas were suspended until the end of 2026.
The article also notes new Chinese duties on pea starch and domestic auto-industry objections to the EV quota.
The mostly temporary tariff relief supports Chinese import demand for Canadian canola meal and peas through 2026, so the expiry will matter for prices after that date. The effect on feed prices is modest, as the article is mainly a policy summary.
oyetimes.comLindsay O'Connor (Reporter/Radio HostJul 3, 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.
