Tariff war: Canadian government announces financial aid for businesses

 

 

The Canadian government has announced financial aid for businesses struggling in the tariff war between Canada and the United States. Automobile companies that manufacture vehicles in Canada will be exempt from the federal government's retaliatory tariffs, Finance Minister François-Philippe Champagne said. But the minister said there will be limits on the number of tariff-free vehicles that are assembled in the United States and allowed to be imported into Canada.

In addition, he said that a six-month temporary tariff exemption will be provided for US raw materials in a way that does not hinder the manufacturing, processing and packaging of products.