{"id":22020,"date":"2025-03-10T13:46:00","date_gmt":"2025-03-10T13:46:00","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=22020"},"modified":"2025-03-10T13:46:01","modified_gmt":"2025-03-10T13:46:01","slug":"canola-from-canada-under-crossfire-from-100-china-tariffs","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2025\/03\/10\/canola-from-canada-under-crossfire-from-100-china-tariffs\/","title":{"rendered":"Canola from Canada under crossfire from 100% China tariffs"},"content":{"rendered":"\n

China has finally remembered electric vehicle (EV) tariffs of fall 2024 and avenged them with 100% surtax on canola from Canada. This is happening just a few weeks after Canada raised its 2024-25\u00a0canola ending stock<\/u><\/a>.<\/p>\n\n\n\n

The Ministry of Commerce of China specifically targeted canola oil, oilcake, pea, pork and aquatic good imports, effective March 20, 2025. <\/p>\n\n\n\n

This fallout elicited a grim reaction in Canada, worlds apart from industry celebration that had attended the 100% EV tariffs<\/u><\/a> against China on October 1, 2024. <\/p>\n\n\n\n

In his initial reaction, the president of the Canola Council of Canada Chris Davison called the duty \u201cprohibitively high.\u201d<\/p>\n\n\n\n

He pointed out that rapeseed dispatches to China are worth C$5 billion<\/u><\/a> ($3.48 billion) annually, which indicates an industry-wide impact.<\/p>\n\n\n\n

Davison further added that the main losers will be farmers who reap the crop yearly, seed companies and export firms. <\/p>\n\n\n\n

Canola Courting Double Trouble<\/strong><\/h3>\n\n\n\n

Although the canola sector is not alone surtaxed, it is strategic for it sustains two big tariff-happy importing markets.<\/p>\n\n\n\n

Three-quarters of Canada\u2019s annual C$15 billion ($10.44 billion) in canola product exports end up in China and the United States.<\/p>\n\n\n\n

Now it is increasingly looking like the crop could have double tariffs from these two largest import destinations. <\/p>\n\n\n\n

This could happen if President Trump implements 25% tariffs on Canada\u2019s goods, currently under postponement till April 2, 2025.<\/p>\n\n\n\n

Luckily for farmers and other stakeholders, the government has set aside C$1 billion<\/u><\/a> ($696 million) to alleviate the surtax effect.<\/p>\n\n\n\n

Pork, too<\/strong><\/strong><\/h3>\n\n\n\n

This billion-dollar kitty could aid agricultural exporters of other goods such as peas and pork with their 100% and 25% tariffs, respectively.<\/p>\n\n\n\n

Interestingly, pork tariffs echo those that Canada surcharged on China\u2019s steel and aluminium. But unlike canola, the affected value is minimal at C$514 million ($357.8 million) in annual imports of pork by China (2018 data).<\/p>\n\n\n\n

These happenings underline the agitate effect of a bilateral trade war that could have a longterm effect even on canola prices<\/u><\/a>. To learn more on how canola from Canada has been faring before these tariffs, browse the next statistics.<\/p>\n\n\n\n

Sino-Canada Canola Trade Statistics<\/strong><\/strong><\/h2>\n\n\n\n

China together with the United States buy 75%<\/u><\/a> of Canada\u2019s outbound canola products.  This represents a substantial margin of all rapeseed under production in Canada, for 90%<\/u><\/a> of this output undergoes export. Among the best-moving canola products are rapeseed grain and rapeseed oil. Concerning which, rapeseed oil was Canada\u2019s 18<\/u>th<\/sup><\/u> most prevalent export<\/u><\/a> worldwide in 2023.<\/p>\n\n\n\n

What is the biggest canola product that China buys from Canada<\/strong>?  <\/p>\n\n\n\n

As the world\u2019s biggest exporter of the grain, Canada naturally exports more rapeseed grain than any other canola product to China. In 2023, China bought US$3.02 billion<\/u><\/a> (almost C$5 billion) in rapeseed from Canada, at the 2nd<\/sup> rank worldwide. This represents 32% of canola exports by Canada that year.   <\/p>\n\n\n\n

How much <\/strong>canola oil <\/strong>does China import from Canada<\/strong>? <\/p>\n\n\n\n

China imports US$150 million<\/u><\/a> (C$738.4 million) in rapeseed oil from Canada, as of 2023, the third highest after the U.S. and Mexico. <\/p>\n\n\n\n

Does Canada order canola from abroad<\/strong>? <\/p>\n\n\n\n

Canada ships in small amounts of canola worth US$239 million (C$343.3 million), as of 2023, half from the United States.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

China has finally remembered electric vehicle (EV) tariffs of fall 2024 and avenged them with 100% surtax on canola from Canada. This is happening just a few weeks after Canada raised its 2024-25\u00a0canola ending stock. The Ministry of Commerce of China specifically targeted canola oil, oilcake, pea, pork and aquatic good imports, effective March 20,…<\/p>\n","protected":false},"author":3,"featured_media":21915,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nCanola from Canada under crossfire from 100% China tariffs - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2025\/03\/10\/canola-from-canada-under-crossfire-from-100-china-tariffs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canola from Canada under crossfire from 100% China tariffs - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"China has finally remembered electric vehicle (EV) tariffs of fall 2024 and avenged them with 100% surtax on canola from Canada. 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