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Thursday, August 14, 2025

'Canada PM Carney Aims to Resolve Canola Row With China'

 Canadian Prime Minister Mark Carney said officials will work on a support package for canola growers while trying to resolve the trade row with their Chinese counterparts over the oilseed.

Effective Thursday, China imposed a nearly 76% tariff on all Canadian canola imports, citing unfair trade practices by Canadian growers that are causing damage to the domestic canola, or rapeseed, market. China and the U.S. are the biggest export markets for Canadian canola.

"We will advance a constructive dialogue with Chinese officials to address our respective trade concerns, while diversifying our trade abroad and supporting our canola producers at home," Carney said in a statement published on the social-media platform X. He added that Canada "does not dump canola."

A representative from the Chinese embassy in Ottawa didn't immediately respond to a request for comment.

The Chinese tariffs would have cause significant hardship for western Canadian farmers, Carney said, as canola is their biggest cash crop. The Canadian leader said he spoke with Saskatchewan Premier Scott Moe, and they are focused on measures to help farmers.

China's tariffs targeting Canadian agriculture stem from Ottawa's decision last year to impose a 100% tariff on Chinese-made electric vehicles, to align its policies closer to those of the Biden administration. Canada last month also introduced measures to sharply reduce the amount of foreign steel entering the country, along with tariffs targeting steel products tied to China.

https://www.morningstar.com/news/dow-jones/2025081412633/canada-pm-carney-aims-to-resolve-canola-row-with-china

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