Canada Gives Tariff Exemption to Automakers That Stay in Country
- Automobile companies manufacturing in Canada will be exempt from Ottawa's retaliatory tariffs, as announced by Federal Finance Minister François-Philippe Champagne.
- Ottawa plans a six-month tariff holiday for goods imported from the U.S. For Canadian manufacturing, as part of its trade response strategies.
- The number of tariff-free imports will decrease if Canadian production or investment drops, as stated in Champagne's remarks.
- Concerns about stock market volatility stemming from U.S. Tariffs are high among Canadians, with 78% expressing worry according to a Leger poll.
102 Articles
102 Articles
Canada drops retaliatory tariffs on automakers, pauses other tariffs
MxM News Quick Hit: Canada has announced it will roll back retaliatory tariffs on automakers and pause several other tariff measures aimed at the United States. The move, unveiled by Finance Minister François-Philippe Champagne, is designed to give Canadian manufacturers breathing room to adjust their supply chains and reduce reliance on American imports. Key Details: Canada will suspend 25% tariffs on U.S. vehicles for automakers that maintain…
Federal Government Announces New Support For Canadian Businesses Affected By U.S. Tariffs - Manufacturing AUTOMATION
April 16, 2025, Ottawa — New measures have been announced for Canadian businesses and entities affected by the tariff dispute between Canada and the United States. The measures, announced by minister of finance François-Philippe Champagne, include the remission of some of the countermeasure tariffs announced by Canada in response to unjustified tariffs imposed by the U.S. on Canadian products. There will be a performance-based remission framewor…
Canada to pause retaliatory tariffs on some imports - Food In Canada
The federal government announces new aid measures for Canadian businesses and entities affected by the tariff dispute between Canada and the United States. These measures include the remission of some of the countermeasure tariffs announced by Canada in response to the unjustified tariffs imposed by the U.S. on Canadian products. The government intends to provide a temporary six-month relief for goods imported from the U.S. that are used in Cana…
Ottawa says automakers that keep building in Canada will receive a tariff exemption
Automobile companies that continue to manufacture vehicles in Canada will get an exemption from Ottawa's retaliatory tariffs as US President Donald Trump attempts to upend the North American industry with steep import duties.
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