Gus Ternoey's Blog – April 2012 Archive (2)

Industry reactions to Canada’s trade deal with China

China lifted tariffs on canola while keeping levies on pork

USDA Crop Report Shakes Up Grain Markets

The Ag Commodity Corner+ Podcast reviews the bearish USDA report, fund activity, biofuel policy delays, and Canada China trade developments that influenced grain, oilseed, and energy markets during mid-January.

Mexico’s Pork Probe Puts Spotlight on Cross Border Demand and Disease Pressures

Mexico’s December launch of anti dumping and anti subsidy investigations into U.S. pork imports has intensified trade discussions, prompting coordinated responses from USMEF, NPPC, and U.S. trade officials.

Canola industry welcomes significant progress on Chinese tariffs

The Canola Council of Canada (CCC) and Canadian Canola Growers Association (CCGA) welcome the announcement made today in Beijing to provide significant tariff relief for Canadian canola seed and meal. Under the agreement reached between Canada and China, tariffs on Canadian canola seed imports are expected to be reduced to 15% as of March 1, 2026, and the current 100% tariffs on canola meal are expected to be removed as of March 1, 2026, until at least the end of the calendar year. “The agreement reached on canola seed and meal is an important milestone in Canada’s trading relationship with China,” says Chris Davison, CCC President & CEO. “The Canadian canola industry has been clear since the outset that these tariffs are a political issue requiring a political solution. We are pleased to see significant progress in restoring market access for seed and meal and will continue to build on this development by working to achieve permanent and complete tariff relief, including for canola o

Prime Minister Carney forges new strategic partnership with the People's Republic of China focused on energy, agri-food, and trade

In a more divided and uncertain world, Canada is building a stronger, more independent, and more resilient economy. To that end, Canada's new government is working with urgency and determination to diversify our trade partnerships and catalyse massive new levels of investment. As the world's second-largest economy, China presents enormous opportunities for Canada in this mission. To forge a new Canada-China partnership, the Prime Minister, Mark Carney, visited Beijing, the People's Republic of China, this week. This marked the first visit to China by a Canadian Prime Minister since 2017. In Beijing, Prime Minister Carney met with the President of China, Xi Jinping, the Premier of China, Li Qiang, and the Chairman of the Standing Committee of the National People's Congress of China, Zhao Leji. After their meeting, Prime Minister Carney and President Xi released a joint statement outlining the pillars of Canada and China's new strategic partnership. Central to this new partnership is a