Listen to daily commentary from program director Murray Wood
Conservative voters are seeing their party's long-held lead vanishing in the polls. Murray Wood says the tight race betw...
OTTAWA — Federal Finance Minister François-Philippe Champagne has announced help for Canadian businesses affected by the trade dispute with the U.S., giving them time to adjust their supply chains.
The minister says the government intends to provide temporary six-month tariff relief for goods imported from the U.S. that are used in Canadian manufacturing, processing and food and beverage packaging.
Read More:
- Inflation cooled to 2.3% in March as gas prices fell, StatCan says
- Tariff uncertainty foils ‘slam dunk rebound year’ for national home sales: CREA
- Party leaders in Montreal ahead of this week’s election debates
The temporary exemption will also apply on goods used to support public health, health care, public safety and national security objectives.
Under the plan, automakers that continue to manufacture vehicles in Canada will also be allowed to import a certain number of U.S.-assembled, CUSMA-compliant vehicles into Canada, free of the countermeasure tariffs that Canada has imposed.
The number of tariff-free vehicles a company is permitted to import will be reduced if there are reductions in Canadian production or investment.
Champagne also announced the large enterprise tariff loan facility, which was announced in March, is now accepting applications.
This report by The Canadian Press was first published April 15, 2025.
The Canadian Press
