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The preliminary agreement signed on January 16, 2026 between Canada and China is the biggest bilateral trade shift in a decade. It cuts tariffs on Chinese electric vehicles from 100% to 6.1%, lifts Chinese retaliatory tariffs on Canadian canola, and extends exemptions on steel and aluminum. For any Canadian importer sourcing from Asia, the rules of the game just changed. This article breaks down what actually changed, what it means for your import costs, and how to adapt your