Canada's Response to U.S. Trade Measures and Counter-Tariffs
What happened
Canada's Department of Finance said Minister of Finance and National Revenue François-Philippe Champagne met virtually with provincial and territorial finance ministers to discuss Canada's response to ongoing U.S. trade measures, including Canadian counter-tariffs, implementation of the remission framework, and supports for affected workers and businesses. The minister highlighted a recently announced $7.5 billion package of new and enhanced measures to protect workers and businesses facing trade disruption. No specific counter-tariff rates, effective dates, or remission filing requirements are stated in the report.
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- Finance Canada · News (Canada.ca)Finance Canada minister meets provincial counterparts on U.S. trade response and counter-tariffs
Canada's Department of Finance said Minister of Finance and National Revenue François-Philippe Champagne met virtually with provincial and territorial finance ministers to discuss Canada's response to ongoing U.S. trade measures, including Canadian counter-tariffs, implementation of the remission framework, and supports for affected workers and businesses. The minister highlighted a recently announced $7.5 billion package of new and enhanced measures to protect workers and businesses facing trade-related pressures. Ministers also discussed internal trade barriers, mutual recognition, regulatory cooperation and increasing the use of Canadian steel in major projects. The release states no new measure, rate or effective date.