Today, U.S. President Donald Trump announced that tariffs of 25 per cent will be applied to imports of a broad range of Canadian goods, including canola seed, oil and meal, effective February 4, 2025.
“The application of these tariffs on Canadian-grown canola and canola products will be felt across the canola value chain,” says Chris Davison, Canola Council of Canada (CCC) President & CEO. “Tariffs will have devastating impacts on farmers, input providers, canola crushing activities and exports of canola seed, oil and meal.”
The U.S. is Canada’s number one market for canola exports and also a market that is highly integrated with the Canadian canola industry. Total export value in 2023 was $8.6 billion, including almost 3 million metric tonnes (MMT) of canola oil valued at $6.3 billion and more than 3.5 MMT of canola meal valued at $2.0 billion.
Canola is the single largest contributor to farm crop cash receipts – grown by nearly 40,000 farmers across the country.
“The damaging blow of these duties will be felt by every canola farmer, starting with the price they receive at delivery and will extend to the full range of their operations, ultimately reducing farm profitability,” says Rick White, Canadian Canola Growers Association (CCGA) President & CEO. “The destructive consequences for our farms, as well as our rural and national economies, are evident.”
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