Canada and China Reach Deal to Remove Tariffs on Lobster, Snow Crab by March 1, 2026
Canada and China have reached an initial trade agreement that will eliminate tariffs on Canadian lobster, snow crab, and select agri-food products. The agreement, announced January 16, sets a target of March 1 for China to remove retaliatory duties, reinstating market access after a steep 25% tariff hindered Canadian seafood exports.
Canadian Prime Minister Mark Carney said the deal would remove trade barriers and “unlock billions of dollars in business for Canadian farmers, fish harvesters, and workers across agri-food sectors...
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