As part of his announcement regarding tariff implementation in support of the U.S. economy and national security, President Donald Trump indicated that Canada-United States-Mexico Agreement (CUSMA) compliant goods, which includes Canadian-produced canola and canola products, will not presently be subject to tariffs.
“This announcement from the President is welcome news to Canadian canola farmers and the entire Canadian canola industry,” says Chris Davison, Canola Council of Canada (CCC) President & CEO. “We have been very clear that the imposition of any tariffs on Canadian canola and canola products would have widespread and negative impact. The fact that, today, we can move forward with tariff-free trade with the U.S. is a positive development and underscores the importance of rules-based trade.”
The U.S. is Canada’s number one market for canola exports and is highly integrated with the Canadian canola industry. Total export value in 2024 reached $7.7 billion, with record high volumes including 3.3 million metric tonnes (MMT) of canola oil and 3.8 MMT of canola meal.
Canola is the single largest contributor to farm crop cash receipts – grown by nearly 40,000 farmers across the country.
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