The Globe and Mail reports in its Wednesday edition that government officials have told the beleaguered canola industry that it should not expect the Prime Minister's trip to China to result in the elimination of tariffs, and to prepare for reduced rates at best. The Globe's Kate Helmore writes that Ottawa is attempting to manage expectations as Prime Minister Mark Carney visits China this week in a bid to reset the relationship and build trade ties. The visit, announced last week, raised hopes that an end was in sight for the costly canola trade dispute that began with tariffs on meal and oil in March, 2025, and escalated to levies on canola seed in August. The dispute has pitted one industry against another. China's canola tariffs are tied to Ottawa's 100-per-cent tariffs on Chinese-made electric vehicles. Calculating competitive tariff rates is also a guessing game, said Tony Tryhuk, a commodities futures trader at RBC Dominion Securities. Only Chinese buyers know the landed price of Canadian canola versus the price of substitutes from elsewhere, and they are also the ones paying the cost of the tariff. "We can guess what tariff level would make it work, but we'd be guessing at best," Mr. Tryhuk told The Globe.
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