Business · Trade · 10 hrs ago

Canada extends tariff relief for firms importing U.S. goods

Canada extends tariff relief for firms importing U.S. goods

Canada is extending tariff relief for firms importing U.S. goods as part of its response to trade duties between the two countries.

Ottawa has offered temporary remissions to reduce the burden on Canadian firms affected by tariffs.

The program will now run until June 30, 2028, giving firms more time to adjust, particularly by moving away from U.S. steel suppliers.

Relief will also cover non-steel goods used in manufacturing, agriculture, mining, oil and gas extraction, and public education.

Some goods that can be reliably sourced in Canada will be excluded, including certain trailers, aluminum wire and paperboard products.

The changes broaden relief while encouraging firms to find Canadian suppliers.

3 sources

Related