Good morning! Welcome back to Queen Street Analytics' weekly roundup of regulatory developments, legislative discussions, political announcements and other government-related news for car manufacturers, parts suppliers, car dealers, and others in the automotive industry.

Every Monday, we break down the most important updates in this space in under five minutes.

Start Date: 2025-03-30
End Date: 2025-04-05

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Canada's Response to U.S. Auto Tariffs

On April 4, the Department of Finance Canada held a briefing with industry stakeholders discussing the recent U.S. tariffs on automobiles, which came into effect on April 3. Canada has introduced countermeasures including temporary special measures to the EI Work-Sharing Program and liquidity support through financial Crown corporations. The government is committed to protecting Canadian workers and businesses and has deferred corporate income tax payments. This briefing underscores the measures Canada is taking to counteract these tariffs and support its economy.

Sources: Announcements: www.canada.ca

Minister Champagne Discusses Tariff Impacts with Provincial Finance Ministers

On April 5, Minister François-Philippe Champagne convened a virtual meeting with provincial and territorial finance ministers to address U.S. tariffs on Canadian automobiles. The ministers discussed Canada's response strategies, including deferring tax payments and providing support through financial corporations. Champagne shared updates on dialogues with U.S. Secretary of the Treasury and G7 Finance Ministers, reiterating Canada's commitment to supporting its workers and businesses amid challenging economic times.

Sources: Announcements: www.canada.ca