Canada Implements Targeted Relief Measures in Response to U.S. Tariffs
New initiatives include tariff remissions for automakers, temporary exemptions for key imports, and financial support for large enterprises to bolster economic resilience.
- The Canadian government announced a performance-based remission framework allowing automakers to import U.S.-assembled vehicles tariff-free if they maintain local production and investment in Canada.
- A six-month exemption on tariffs for U.S. imports used in manufacturing, food packaging, and public health sectors was introduced to support competitiveness and supply chain adjustments.
- The Large Enterprise Tariff Loan Facility (LETL) is now open to provide financial assistance to major businesses facing liquidity challenges due to the trade dispute.
- These measures follow escalating trade tensions, including U.S. tariffs on Canadian steel, aluminum, and automobiles, and Canada’s retaliatory tariffs on U.S. goods.
- The initiatives aim to protect Canadian jobs, reduce reliance on U.S. suppliers, and strengthen domestic economic resilience in light of the ongoing trade conflict.
The Globe and Mail 
Washington Examiner 
South China Morning Post 
