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Ross O'Keefe


NextImg:Canada drops retaliatory tariffs on automakers, pauses others - Washington Examiner

Canada will give relief from tariffs to the country’s automakers and other manufacturers if they meet certain conditions, Minister of Finance François-Philippe Champagne announced Tuesday.

The United States and Canada have been hitting each other with tariffs since March, with a 25% tax being imposed on Canadian automobiles in April.

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“From day one, the government has reacted with strength and determination to the unjust tariffs imposed by the United States on Canadian goods,” Champagne said in a statement. “We continue to stand by Canada’s workers and businesses. Today, we’re giving Canadian companies and entities more time to adjust their supply chains and become less dependent on U.S. suppliers. This will help make our economy stronger and more resilient.”

Automakers will receive performance-based relief that will enable them to import certain U.S. vehicles into Canada at no charge, given they continue producing vehicles in the country and investing in Canada.

“Our counter-tariffs won’t apply if they (automakers) continue to produce, continue to employ, continue to invest in Canada,” Prime Minister Mark Carney said at an election event on Tuesday.

“If they don’t, they will get 25% tariffs on what they are importing into Canada,” he added.

Some in the Canadian auto-making industry feared what the tariffs might bring. John D’Agnolo, president of Unifor Local 200, which represents Ford workers in Windsor, told BBC the situation “has created havoc.”

“I think we’re going to see a recession,” he added.

Rumors swirled that a Honda factory was moving out of Ontario and to the U.S. due to the tariffs, but they were struck down by Ontario Premier Doug Ford and the Canadian government.

A Honda Canada spokesperson said, “Our Canadian manufacturing facility in Alliston, Ont., will operate at full capacity for the foreseeable future and no changes are being considered at this time.”

The Canadian government is also providing a six-month relief for goods imported from the U.S. that are used in a variety of the country’s business sectors. Champagne’s statement said the time limit is being implemented so the sectors can prioritize domestic sources if available.

Champagne also announced a “Large Enterprise Tariff Loan Facility” program designed to assist large companies that are struggling with the tariffs but operated smoothly before them.

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It’s unclear if or when President Donald Trump will lighten tariffs on Canada and Mexico, although many countries are in the process of negotiating with the U.S. The Canadian government hinted that more relief may be coming.

“In the weeks and months ahead, additional measures will be brought forward, as needed, to support businesses and workers,” the press release concluded. “The federal government will also continue to work closely with provinces and territories to ensure complementary supports are in place across all jurisdictions.”