(Photo courtesy of Anadolu)
NEW YORK – Canada announced Monday that it would extend and expand tariff exemptions on certain US imports to ease financial pressure on domestic businesses and workers affected by ongoing trade restrictions.
Finance Minister François-Philippe Champagne said the adjustments aim to support Canadian industries while encouraging businesses to prioritize locally manufactured products whenever possible.
Under the revised measures, the broad tariff exemption program, known as horizontal remission, will be extended for another year until June 30, 2028.
The government also expanded eligibility to cover non-steel products used in mining, quarrying, and oil and gas extraction, as well as goods purchased by public educational institutions, including those operated under Indigenous organizations.
However, Ottawa said it would gradually remove products from the exemption program once reliable Canadian-made alternatives become available.
The Finance Ministry also announced that targeted tariff relief would remain available to companies facing exceptional circumstances that require continued imports from the United States.
These include businesses experiencing domestic supply shortages or those bound by existing contracts requiring them to purchase American goods.
The measures are intended to help Canadian businesses manage trade-related costs while strengthening domestic supply chains and supporting local production.
