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China announced a temporary suspension of tariffs on Canadian canola meal and peas, which will no longer face 100% duties, and cut levies on lobsters and crabs to 25%. The suspension runs from March 1, 2026 to the end of the year and follows a deal in which Canada allows up to 49,000 Chinese electric vehicles a year at a 6.1% tariff, with no change to canola seed tariffs.
Removing the 100% duty on canola meal reopens a major export route for Canadian meal to China, which supports canola meal prices, though the unchanged seed tariffs limit the overall benefit to the canola complex.
cngt.orgBarbera ArmstrongNov 2, 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.
