China-Canada bilateral trade is poised for a boost

On February 27, 2026, the Ministry of Commerce and the Customs Tariff Commission of the State Council issued announcements successively, announcing adjustments to anti-discrimination measures against Canada and tariffs on some imported goods. 

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According to an official announcement, from March 1 to December 31, 2026, China will eliminate 100% of the additional tariffs on Canadian oil residue cake and peas, and eliminate 25% of the additional tariffs on lobster and crab, for a period of 10 months. Simultaneously, the Canadian government also announced adjustments to tariffs on Chinese steel and aluminum products. These two-way efforts aim to push bilateral economic and trade cooperation back onto a healthy track and build a more stable bridge for China-Canada bilateral trade. It is understood that this policy adjustment stems from China's anti-discrimination measures in 2025. At that time, due to Canada's additional tariffs on Chinese goods, China took reciprocal countermeasures, which hindered China-Canada bilateral trade. The current simultaneous easing of restrictions sends a clear signal of deepening import trade cooperation.

After the policy is implemented, it will bring significant benefits to China-Canada bilateral trade and related domestic industries, especially benefiting key sectors closely related to import trade such as feed and aquatic products. For the feed industry, Canadian peas and oilseed meal are core protein ingredients. After a 100% tariff was imposed in 2025, China's pea imports from Canada declined by over 82% year-on-year, significantly increasing procurement costs for domestic feed companies and directly impacting the normal operation of related import trade.

The positive effects are also evident in the aquatic products and catering sectors, directly boosting the recovery of import trade in related categories.

It is worth noting that this adjustment of China-Canada bilateral trade policies is not a concession in a single dimension, but a rational consultation based on the principles of fairness and mutual benefit, balancing open cooperation and industrial protection.

Industry analysts believe that this China-Canadian tariff adjustment will directly drive a rapid recovery in the import volume of related categories.

In summary, the adjustment of China-Canada economic and trade policies in 2026 is an important milestone in the easing of bilateral economic and trade relations. The tariff easing measures not only reduced the cost of imported goods in Canada and enriched the domestic market supply, but also promoted mutual empowerment and win-win results in China-Canada bilateral trade. In the future, as policy dividends continue to be released, China and Canada are expected to deepen import trade cooperation in more areas, break down trade barriers through equal consultation, promote high-quality development of China-Canada import trade, and provide a positive example for global import trade cooperation.