China drops tariff on some Canadian agricultural and seafood exports

China to suspend its tariff on certain Canadian agricultural and seafood exports on March 1, according to China's Ministry of Finance.

The Finance Ministry announced on Friday that it will adjust additional tariffs on certain imported goods from Canada to implement the important consensus reached by the leaders of the two countries.

From March 1 to the end of 2026, China will drop the 100 percent additional tariff on oilseed cake and peas from Canada, along with the 25 percent tariff on lobsters and crabs from Canada, according to the announcement on Friday. The revised tariff was first imposed in March 2025 following an anti-discrimination probe.

The tariff adjustments are implemented in accordance with the Tariff Law of the People's Republic of China, the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China, and other laws, regulations and basic principles of international law, according to the committee.

The bilateral efforts in adjusting are beneficial in bolstering China-Canada trade cooperation and paving the way for a more stable, healthy and resilient economic relationship, the Finance Ministry says in the announcement.

During a state visit to China in January, Canadian Prime Minister Mark Carney pledged to allow 49,000 electric vehicles to enter the Canadian market at a 6.1 percent tariff on most-favoured-nation terms.