The Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, has announced relief to support Canadian businesses affected by the countermeasures Canada has announced in response to the tariffs imposed by the United States.
In keeping with the government’s approach to protect Canadian workers and their families, and to mitigate the potential adverse impacts of the surtaxes on Canada’s economy - the minister announced that: The current exemption for U.S. goods used in manufacturing, processing, or food and beverage packaging has been extended for an additional two months, and now includes goods used in agricultural production.
Also, the temporary exemption from tariffs on imports of U.S. goods that are used to support public health, health care, public safety and national security objectives has also been extended for an additional two months.
In addition to these changes, further relief from Canada’s tariffs on imports from the U.S. and China have now been implemented for companies that met strict conditions such as demonstrating short supply or existing contractual obligations.
“As negotiations to reach a trade deal with the U.S. continue, Canada’s new government is taking immediate action. We’re focused on protecting and supporting every Canadian worker and businesses impacted by these tariffs. We’re also making strategic investments to build big, build bold, and build the strongest economy in the G7,” Champagne says.
