Admin I Monday, February 03, 2025
CANADA – The government of Cananda has hit hard on the United States following the decision of President Donald Trump to impose import tariffs of 25 percent on goods from Canada and another 10 percent tariffs on energy.
But in a swift response, Canada decided to impose 25 percent import tariffs on $155 billion worth of imported U.S. products entering Canada.
“Canada’s response to the unfair U.S. tariffs on Canadian goods is robust, including 25% tariffs on $155 billion worth of imported U.S. products”, the government of Canada said on X.
It added that the Government of Canada is also working to mitigate the impact of its countermeasures on Canadians with a remission process.
The Canada Governor has also outline process for requesting remission of tariffs that apply on certain goods from the U.S.
“The Government of Canada is outlining a framework and process for how it will consider remission requests for the tariffs on products from the United States (U.S.) that apply beginning on February 4, 2025”, Canada said, stressing that under specific circumstances, remission allows for relief from the payment of tariffs, or the refund of tariffs already paid.
It added, “Should the government decide to impose additional tariffs on other goods, the remission process would also be available for those goods, with further details provided at that time.
“In relation to requests for remission of the tariffs that apply beginning on February 4, 2025, the Government will consider requests for remission in the following instances:
“To address situations where goods used as inputs cannot be sourced domestically, either on a national or regional basis, or reasonably from non-U.S. sources.
“To address, on a case-by-case basis, other exceptional circumstances that could have severe adverse impacts on the Canadian economy”, Canada said, adding that remission represents an exception to the rules by providing for relief of otherwise applicable duties.
“As such, in all instances above, the federal government will only consider remission where it is required to address exceptional and compelling circumstances that, from a public policy perspective, are found to outweigh the primary rationale behind the application of the tariffs.
“Any request for remission will be assessed by the Department of Finance, in consultation with other relevant federal departments.
“Any request for remission could be subject to consultation with other interested parties, including domestic producers”, noting that recommendations will be made to the Minister of Finance.
“Under section 115 of the Customs Tariff, the Minister of Finance has the authority to recommend remission to the Governor in Council. To take effect, an Order in Council also needs to be approved by the Governor in Council.
“In order to ensure that remission requests are properly substantiated and can be assessed in a timely manner, all requests that are within the confines of the instances outlined above must provide the information requested in the template below.
“Any information that is confidential must be marked as such, and will be protected by the Government of Canada. Sufficient non-confidential information must be provided to allow for engagement with domestic producers so that they may be consulted, as appropriate, on any short supply issues that are raised.
“ Only companies registered in Canada are eligible to make requests for remission”.
Read more on the remission process HERE
