Tariff truce signals a reset in China-Canada ties after Xi-Carney talks
China and Canada announced tariff relief after Xi Jinping and Mark Carney’s Beijing talks: China plans to cut tariffs on Canadian canola oil from 85% to 15% by March 1, while Canada will apply the MFN 6.1% tariff to Chinese electric vehicles, capped at 49,000 units; there will also be reduced duties on lobsters, crabs and peas, signaling a trade reset and a potential boost in Canadian-China investment as Canada diversifies from the US.
