"The tariff fight After U.S. President Donald Trump imposed 25 per cent tariffs on Canadian-made vehicles on April 3, Carney announced retaliatory tariffs aimed specifically at the auto industry (by this time he was already prime minister, but the campaign was also underway). He promised that every single dollar raised from these tariffs will go directly to support our autoworkers."
"It appears the government has not yet lived up to the letter of that promise, although it left itself wiggle room in the budget. It's also complicated to measure because other retaliatory tariffs have been imposed, and help has been given to workers in other affected industries, such as in steel and aluminum. In all, Canada has brought in $6.7 billion from counter-tariffs since Trump was elected. Of that, $3 billion has been given back to companies and workers hit hardest by the trade war."
The government imposed retaliatory tariffs after U.S. President Donald Trump enacted 25 per cent tariffs on Canadian-made vehicles. The tariffs were targeted at the auto industry and the government promised that every dollar raised would go directly to support autoworkers. Ottawa has collected $6.7 billion from counter-tariffs since Trump's election, and has returned $3 billion to companies and workers most affected, leaving $3.7 billion unallocated so far. The budget left room for additional disbursements as U.S. tariffs continue to bite. Canada committed to increase defence spending to two per cent of GDP by 2030 but has not yet met that target.
Read at www.cbc.ca
Unable to calculate read time
Collection
[
|
...
]