BUSINESS

China Slashes Canadian Canola Duties After Carney Visit

Published: Mar. 2, 2026 12:43 p.m. GMT+8

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Rapeseed in Manitoba, Canada. Photo: VCG

China sharply reduced tariffs on Canadian canola over the weekend, marking a major de-escalation in bilateral trade tensions following Canadian Prime Minister Mark Carney’s recent visit.

China's Ministry of Commerce confirmed Saturday that it would impose a 5.9% anti-dumping duty on Canadian canola, effective March 1 and lasting five years. The rate is far below the provisional 75.8% deposit Beijing had required last year after a preliminary ruling found that Canadian exporters were selling at unfairly low prices.

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China reduced anti-dumping duties on Canadian canola to 5.9% from a previous 75.8%, effective March 1, 2026, for five years.
The move follows Prime Minister Mark Carney’s 2026 visit to Beijing, which marked improved diplomatic and trade ties;
Canada allowed 49,000 Chinese new-energy vehicles annually at a 6.1% tariff, while China suspended certain discriminatory Canadian goods tariffs through Dec. 31.

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What Happened When

October 2024：: Canada imposed a 100% surtax on Chinese new-energy vehicles and a 25% levy on steel and aluminum, triggering the trade conflict with China.

By end of 2024：: China imported approximately 6.39 million tons of canola, with 96% originating from Canada.

After October 2024：: Beijing retaliated with tariffs on Canadian agricultural products, including peas, canola oil, and pork.

2025：: Following the announcement of preliminary tariffs, Chinese imports of canola fell to about 2.5 million tons, with Canada still accounting for 95%.

January 2026：: Canadian Prime Minister Mark Carney visited Beijing, marking the first visit by a Canadian leader in eight years. The two sides signed a joint statement and a roadmap for economic cooperation.

January 16, 2026：: Ottawa announced an annual quota of up to 49,000 Chinese new-energy vehicles allowed to enter Canada at a 6.1% tariff rate.

2026-02-28：: China's Ministry of Commerce confirmed it would impose a 5.9% anti-dumping duty on Canadian canola, effective March 1, 2026 for five years.

March 1, 2026：: China’s 5.9% anti-dumping duty on Canadian canola comes into effect and will last five years; China also suspends additional discriminatory tariffs on certain Canadian goods beginning this date.

AI generated, for reference only