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China will suspend its 100% tariffs on Canadian canola meal and pea imports, and its 25% tariffs on lobster and crab, from March 1 through the end of 2026. The finance ministry statement did not address canola seed tariffs, which Ottawa had expected to be cut to about 15%.
Suspending the canola meal tariff reopens China to meal exports and supports Canadian meal prices, while the missing seed decision leaves uncertainty over the bigger canola seed market.
Not 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.