Ottawa Amends, Extends Tariff Relief Program Beyond US Steel Imports
The federal government is extending its relief program for firms importing tariffed U.S. goods and is changing the mix of goods eligible for those remissions. Since the early days of Canada’s retaliatory duties against the United States, Ottawa has offered what it calls a temporary remission program to reduce the burden on Canadian firms caught in the tariff crossfire.
TL;DR
- Canada's tariff relief program for firms importing U.S. goods has been extended.
- The program's expiration date is moved to June 30, 2028.
- The eligibility for remissions is expanded to include non-steel goods for mining, quarrying, and oil and gas extraction.
- The program aims to help Canadian firms transition away from U.S. suppliers, particularly for steel.