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flag Canada halts 25% Chinese lobster and crab tariff until Dec. 2026, easing a major trade barrier.

flag Canada has secured a temporary suspension of a 25% Chinese tariff on lobster and crab, effective through December 2026, following diplomatic talks in Beijing. flag The move, announced on January 16, 2026, lifts a major barrier that had driven up prices by 41% and caused a 30% drop in live lobster sales to China, with some companies seeing their Chinese business fall from 10% to 2%. flag The tariff had cost Nova Scotia’s seafood industry an estimated $400–450 million annually. flag While the relief is welcomed by exporters and industry leaders, the suspension is limited to lobster and crab, with no extension to other seafood like shrimp or clams, and its temporary nature raises concerns about long-term stability.

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