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OTTAWA \u2014 Federal Finance Minister Fran\u00e7ois-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.<\/p>\n
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.\u00a0<\/p>\n
The temporary exemption will also apply on goods used to support public health, health care, public safety and national security objectives.<\/p>\n
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.<\/p>\n
The number of tariff-free vehicles a company is permitted to import will be reduced if there are reductions in Canadian production or investment.<\/p>\n
Champagne also announced the large enterprise tariff loan facility, which was announced in March, is now accepting applications.<\/p>\n
\u00a92025 The Canadian Press<\/strong><\/p>\n<\/p><\/div>\n