Canadian Canola Crop Faces Double Tariff Threat From US, China

Canadian canola might be the crop with the most to lose from President Donald Trump’s sweeping reciprocal tariffs due Wednesday that are set to shake up demand.

The tiny oilseed, which grows from a small plant with bright yellow flowers and gets its name from a combination of the words “Canada” and “ola,” for oil, is already facing tariffs from China while US levies are looming. Together, the top two importers brought in canola products worth C$12.6 billion ($8.8 billion) in 2024, according to the Canola Council of Canada.

“The situation we are facing now is pretty unique,” said ...