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Start Date: 2025-04-13
End Date: 2025-04-19

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Canada Introduces Tariff Relief for Automakers Amid U.S. Trade Dispute

On April 15, 2025, Canada's Finance Minister François-Philippe Champagne announced new measures to support affected Canadian businesses due to U.S. tariffs. A performance-based remission framework is introduced for automakers, allowing import of U.S.-assembled CUSMA-compliant vehicles tariff-free if they maintain production and investment in Canada. Additionally, a temporary six-month relief for essential U.S. goods used in Canadian manufacturing is provided, and the Large Enterprise Tariff Loan Facility opens for applications. These steps aim to help Canadian businesses adjust their supply chains and sustain operations amidst trade tensions.

Sources: Announcements: www.canada.ca