China extends tariff-free treatment for Canadian canola, lobster and crab for two years

■ Steady

China extends tariff-free treatment for some Canadian farm and seafood goods

On Wednesday Canada's government said China will extend the soon-to-expire tariff-free treatment for some Canadian agricultural and seafood products for two years, covering canola, lobster and crab. Canada-US trade talks have resumed, and the Democratic midterm win is seen as adding pressure on the White House to reach a deal, according to BBC reporting. Elsewhere, Rwanda and South Africa lose duty-free US market access after being excluded from AGOA, and BMW issued a second profit warning in a year.

• BMW cut its profit margin forecast to between -0.5% and 0.5%, citing restructuring that includes 8,000 job cuts and competition from China. Mercedes-Benz lowered its outlook last week.
• Rwanda and South Africa will lose duty-free US market access after being excluded from AGOA, and South Africa is bracing for some job losses.
• A report says China is making it harder for other countries to reduce dependence on its solar, drone and drug technology.
• Prime Minister Mark Carney said on Sunday that Canada-US talks are making progress.