News release
| Canada announces new support for Canadian businesses affected by U.S. tariffs On April 15, 2025, the Canadian government unveiled targeted relief for businesses impacted by recent U.S. tariffs. Key measures include: Performance-Based Tariff Relief for Automakers: Automakers maintaining production and investment in Canada can import a limited number of U.S.-assembled, CUSMA-compliant vehicles without facing counter-tariffs. Six-Month Tariff Exemptions: Temporary relief on U.S. imports used in Canadian manufacturing, food and beverage packaging, and sectors critical to public health and safety. Large Enterprise Tariff Loan Facility (LETL): A new program offering liquidity support to large businesses vital to Canada’s economic and national security, helping them navigate financial challenges arising from the trade dispute.?These initiatives aim to bolster Canadian industries and provide time to adapt supply chains amidst ongoing trade tensions. Click here to read more. |