With the possibility of U.S. President Donald Trump imposing a 25% tariff on Canadian goods, concerns are mounting within the Canadian canola sector.
The Canola Council of Canada (CCC) is raising alarm over the potential consequences for farmers, processors, and exporters.
“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.”