OTTAWA, April 15 (Xinhua) -- Canadian Finance Ministry on Tuesday announced new measures for Canadian businesses and entities affected by the tariff dispute between Canada and the United States.
According to a news release issued by the ministry, these measures include a performance-based remission framework which will allow automakers that continue to manufacture vehicles in Canada to import a certain number of U.S.-assembled, CUSMA-compliant vehicles into Canada, free of the countermeasure tariffs that Canada has imposed.
The Canadian government will also provide temporary six-month relief for goods imported from the U.S. that are used in Canadian manufacturing, processing and food and beverage packaging, and for those used to support public health, health care, public safety, and national security objectives, the release said.
The government will start the new Large Enterprise Tariff Loan Facility (LETL) to support large businesses including those that contribute to Canada's food security, energy security, economic security and national security by providing access to liquidity, said the release. ■
