Federal government planning tariff relief for Canadians, businesses; will depend on scope of Trump tariffs: sources

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Federal government planning tariff relief for Canadians, businesses; will depend on scope of Trump tariffs: sources

//politics-government.news-articles.net/content/ .. ll-depend-on-scope-of-trump-tariffs-sources.html

Published in Politics and Government on Tuesday, January 28th 2025 at 13:20 GMT by bnnbloomberg

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

The federal government is planning a stimulus package to help businesses and Canadians if U.S. President Donald Trump imposes tariffs on Canadian goods, but the scale of the relief will depend on the scope of the tariffs,

2025-01-28 248 x 130 / 3811 Bytes

The Canadian federal government is preparing to offer tariff relief to both consumers and businesses in response to potential new tariffs from the United States, should Donald Trump win the 2024 presidential election. Sources indicate that the government's strategy will largely depend on the scope and nature of any Trump-imposed tariffs. This preparation comes in light of Trump's previous administration's trade policies, which included significant tariffs on Canadian steel and aluminum, leading to retaliatory measures from Canada. The government aims to mitigate the economic impact on Canadian industries and consumers by potentially adjusting its own tariffs or providing other forms of financial relief. However, the specifics of these measures will be tailored based on the details of any new U.S. tariffs, reflecting a cautious and reactive approach to international trade dynamics.

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[ https://www.bnnbloomberg.ca/business/politics/2025/01/28/federal-government-planning-tariff-relief-for-canadians-businesses-will-depend-on-scope-of-trump-tariffs-sources/ ]