Canada extends US tariff relief through June 2028, trims domestic exemptions

Canada is keeping its tariff relief against the United States in place until June 2028, Finance Minister Francois-Philippe Champagne announced. The extension comes with a twist: Ottawa is scrapping broad horizontal exemptions on certain goods made at home, a move aimed at pushing businesses toward Canadian-made products and reworking their supply chains.

"By adjusting our tariff relief measures, we are helping our businesses staying competitive, encouraging the use of Canadian-made goods, and protecting our industries and workers most impacted by the unfair U.S. tariffs," Champagne said.

The rewritten framework widens the safety net to include public education and the resource sector. Companies squeezed by supply shortages or locked into existing contracts get targeted relief, and Ottawa is promising more transparency in how the rules are applied.

The relief package lands in the middle of a strained trade relationship with Washington. Prime Minister Mark Carney said in early November that he had a "good conversation" with U.S. President Donald Trump about bilateral trade and that both teams would work toward a deal in the following weeks.