On March 8, 2025, China announced steep retaliatory tariffs on $2.6 billion worth of Canadian agricultural products in response to Canada’s October tariffs of 100% on Chinese EVs, and 25% on steel, and aluminum.
These newly announced Chinese tariffs include a 100% levy on $1 billion of Canadian rapeseed oil, oil cakes, meal, and pea imports, along with a 25% tax on $1.6 billion worth of Canadian aquatic products and pork.
Set to take effect on March 20, the tariffs have already been seen playing a devastating impact on markets and Canadian farmers.
China – a key market for Canadian canola – represents close to $5 billion in export data. As Canada’s second-largest crop by acreage, canola generated $13.6 billion in 2023, with canola meal and oil