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Canada Gives Tariff Exemption to Automakers That Stay in Country

  • Automobile companies manufacturing in Canada will be exempt from Ottawa's retaliatory tariffs, as announced by Federal Finance Minister François-Philippe Champagne.
  • Ottawa plans a six-month tariff holiday for goods imported from the U.S. for Canadian manufacturing, as part of its trade response strategies.
  • The number of tariff-free imports will decrease if Canadian production or investment drops, as stated in Champagne's remarks.
  • Concerns about stock market volatility stemming from U.S. tariffs are high among Canadians, with 78% expressing worry according to a Leger poll.
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Finance Minister François-Philippe Champagne intends to give a respite to the automotive sector and other sensitive sectors of the Canadian economy.

·Montreal, Canada
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  • 43% of the sources are Center
43% Center
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Forbes broke the news in United States on Tuesday, April 15, 2025.
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