"On April 15, 2025, Finance Minister François-Philippe Champagne announced a set of support measures for Canadian businesses impacted by recent U.S. tariffs. The initiatives include: 1. Tariff Remission for Automakers 2. Temporary Tariff Relief on U.S. Inputs 3. Large Enterprise Tariff Loan Facility (LETL) On March 4, 2025, the United States imposed tariffs on Canadian goods under the International Emergency Economic Powers Act. In response, Canada retaliated by introducing 25% tariffs on $30 billion worth of U.S. imports. The targeted American goods include spirits, appliances, apparel, footwear, motorcycles, cosmetics, and specific pulp and paper products, marking a significant escalation in the Canada–U.S. trade dispute."

News Region:
North America
News Market:
Canada
News Tags:
Health Canada
Bioaccumulation Customs Tariff Act