The Ontario government has announced a substantial relief package totaling $11 billion to support businesses impacted by U.S. tariffs. Premier Doug Ford stated the initiative aims to alleviate financial pressure on workers and businesses facing economic challenges due to tariffs imposed by U.S. President Donald Trump. Key components of the package include a six-month deferral of certain provincially administered taxes, expected to save businesses around $9 billion, and a $2 billion rebate for employers through the Workplace Safety and Insurance Board. Concerns for the auto sector persist, especially regarding significant import duties imposed by the U.S.
The Ontario government is providing $11 billion in relief to businesses affected by U.S. tariffs, targeting support to save jobs and stabilize the economy.
Premier Doug Ford emphasized that the government's measures, including tax deferrals and insurance rebates, aim to shield workers and businesses from economic stress due to U.S. tariffs.
Ford expressed concerns for the auto sector, particularly regarding a looming 25 percent duty on car imports to the U.S., which could further impact Ontario's economy.
Despite not facing new tariffs, Ontario remains cautious, as the historical context of U.S. tariff measures has elevated anxiety among local industries.
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