Breaking with the United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Friday. China will reduce its tariff on canola seeds, a major Canadian export, from about 84% to about 15%, he told reporters. China responded by imposing duties of 100% on Canadian canola oil and meal and 25% on pork and seafood. Collectively, the import taxes effectively closed the Chinese market to Canadian canola, an industry group has said. Overall, China's imports from Canada fell 10.4% last year to $41.7 billion, according to Chinese trade data.

Source: The Telegraph January 16, 2026 16:28 UTC