Saturday, September 15, 2018

CANADIAN COMPANIES STRUGGLE WITH TARIFFS

  Ottawa has paid out just over $11,000 in duty relief despite collecting more than $286 million in the two months after it slapped retaliatory tariffs on U.S. imports in response to U.S. levies on Canadian steel and aluminum, according to figures obtained by Global News.
  Canada Border Services Agency said it distributed just $11,184.35 since July 1, under the duties relief program, one of three programs meant to help industries negatively impacted by the trade dispute over steel and aluminum. Zero dollars were distributed yet under the duty drawback program.
  The final relief program is called the remission of surtaxes, and was announced alongside the counter-tariffs. Unlocking those funds requires the extraordinary step of case-by-case cabinet approval, a process that Ottawa hopes to get moving within weeks, Global News has learned.

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