China Reduces Tariffs On Canadian Canola After Investigation

On February 28, 2026, China announced a significant reduction in anti-dumping tariffs on Canadian canola, lowering the rate from a preliminary 75.8% to 5.9% after a 17-month investigation. This decision aligns with Canadian Prime Minister Mark Carney's expectations following his January visit to Beijing, where he anticipated a total tariff rate of around 15%. The new tariff will be effective from March 1 and will last for five years, with the total effective duty on Canadian canola now at 14.9% when combined with China's standard 9% import tariff. The Chinese Ministry of Commerce stated that the ruling was based on evidence and aimed to support the domestic rapeseed industry while enhancing economic cooperation with Canada. "China is willing to work with Canada to continue deepening economic and trade cooperation between the two countries," the ministry emphasized (Business Recorder).