Beijing has prolonged tariff relief on Canadian seafood, peas and canola meal through 2028, while Ottawa keeps its steel and aluminum remission scheme for Chinese goods.
MoneyTurkey Editors | 4 November 2026
Key points
- China’s 100% tariff relief on Canadian peas and canola meal and 25% relief on lobster and crab now runs to the end of 2028.
- Canada extends remission for certain Chinese steel and aluminum products to the same date.
- Seafood, pea and canola meal exports to China were worth about C$2 billion (about US$1.4 billion) in 2024.
What happened
Canadian International Trade Minister Maninder Sidhu announced the extension after talks with Chinese officials in Beijing. The relief had been due to lapse on 31 December 2026, according to the Globe and Mail.
China imposed the original tariffs in March 2025 in response to Canadian duties on Chinese steel, aluminum and electric vehicles. The relief followed Prime Minister Mark Carney’s January visit to Beijing, where the two governments announced a strategic partnership.
Per Mr. Sidhu’s office, exports of the four product groups were about C$2 billion (about US$1.4 billion) in 2024, about C$1 billion (about US$0.7 billion) in 2025 while tariffs applied, and C$1 billion (about US$0.7 billion) in the first eight months of 2026. USD figures are approximate conversions at roughly 0.71 USD per CAD.
Why it matters
The extension gives Canadian farmers and seafood exporters two more years of predictable access to China. Mr. Sidhu framed it as part of a plan to lift Canadian exports to China by 50% by 2030. In return Ottawa extends remission (refunds of tariffs) on certain Chinese steel products Canada does not make itself.
Chinese tariffs of 25% remain on Canadian pork, shrimp and geoduck clams.
What to watch
- First-quarter 2027 export data for the affected products
- Remission volumes for Chinese steel and aluminum entering Canada
- Progress toward the 2030 export growth target
- Status of the remaining 25% tariffs on pork, shrimp and geoduck
Related on MoneyTurkey
For information only. Not investment advice.
Sources
- The Globe and Mail: China extends tariff relief for Canadian farm, seafood products
- BNN Bloomberg: Beijing, Ottawa agree to extend deal on canola, Chinese steel access
- Bloomberg: Canada, China extend tariff deal
