Rapeseed Market Under Tariff Attack

• Trade war: Canadian canola oil and meal subject to 100% tariffs from China since March 20
• US tariffs on Canadian goods increase pressure on global canola market
• Inevitable market changes due to tariff wars

Canada:

• In October 2024, Canada introduced a 100% tariff on Chinese electric vehicles and a 25% tariff on steel and aluminium from China.
• In December 2024, Canada announced plans to extend tariffs to Chinese solar panels and critical minerals in early 2025, and to semiconductors, permanent magnets, and natural graphite in 2026.

History repeats?

In the past, Canada and China have had disputes over canola. In 2019, China suspended imports from Canada, citing phytosanitary reasons, but this was most likely a political reaction to some Canadian decisions...

Positive impact for Ukraine

• Expanded exports of rapeseed oil and meal...

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