Prime Minister Mark Carney says he will personally join efforts to resolve the ongoing trade dispute with China over steep tariffs placed on Canadian canola seed exports.
Also Read: How to start investing Canada
Speaking in Toronto on Wednesday, Carney stated that he, along with Canada’s international trade and foreign affairs ministers, will be actively involved in seeking a resolution to the escalating conflict.
Also Read: Investment strategies for Canadians
“We’re going to work hard to get that right,” Carney said. “The minister of international trade has been engaged, our foreign minister is engaged, and I will be engaged to work to find a solution for our agricultural relationship.”
The tensions intensified last month when China imposed preliminary anti-dumping duties of 75.8% on Canadian canola seed imports — a move that significantly escalates the year-long trade dispute. China is Canada’s largest market for canola seed.
Canada exported nearly C$5 billion worth of canola products to China in 2024, with seeds making up about 80% of that total. If the tariffs remain in effect, experts warn that Chinese imports of Canadian canola seed could effectively grind to a halt.
Sign Up For our Newsletters to get latest updates
