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Canada offers tariff relief to automakers who meet EV sales targets

Canada announced on Friday that it would waive the requirement that 20% all vehicles sold in 2019 be emission-free. This is part of a package of aids designed to assist companies with damages caused by U.S. Tariffs.

The 20%

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The Liberal government led by Justin Trudeau, then Prime Minister of Canada, mandated the rule in 2023. Mark Carney, Trudeau’s successor, said that removing the rule would allow the auto industry to deal with U.S.

Punitive

measures.

Ottawa will launch a 60-day immediate review to reduce the costs associated with this requirement, he stated in a press release.

Carney, who was elected in April on the basis of the need to diversify from the United States and away from other countries, announced Ottawa would create a new C$5 Billion ($3.6 Billion) fund, with flexible terms, to assist firms across all sectors affected by tariffs.

"We cannot control the actions of other countries." He said, "We can only control what we do for ourselves.

Ottawa is introducing a policy that will ensure the federal government purchases from Canadian suppliers. It also introduces a new incentive for biofuel production, which includes over C$370 millions to help farmers address their immediate competitiveness issues.

China on Friday

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A probe was conducted into the importation of canola, one of world's largest suppliers.

The statement did not mention any aid to the steel or aluminum industries, which were particularly hard-hit by President Donald Trump's actions.

(source: Reuters)