China’s government says it would suspend some tariffs on Canadian agricultural goods following a recent visit by Prime Minister Mark Carney.
The country’s finance ministry says 100 per cent tariffs on canola meal and peas, and a 25 per cent levy on lobsters and crabs, is not going to be imposed.
A press release says the announcement, which made no mention of canola seed tariffs, will take effect March 1 and proceed through to the top of 2026.
The announcement comes after Carney met earlier this yr with Chinese President Xi Jinping in a visit that saw the leaders ink a deal on electric vehicles and canola.
The pair agreed Canada would import as much as 49,000 Chinese electric vehicles annually at a tariff rate of 6.1 per cent in exchange for lower duties on canola seed.
Carney’s office didn’t immediately reply to a request for comment.
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