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Showing posts with the label Tariffs

Canada and Ontario Announce $8.7-Billion Industrial Support Plan

Updated: 21 October 2026, 3:51 p.m. EDT Prime Minister Mark Carney and Ontario Premier Doug Ford announced $8.7 billion in industrial investments in Ottawa on Wednesday, 21 October, alongside measures intended to help steel, automotive and critical-mineral businesses respond to U.S. tariffs. The official action plan includes a Joint Steel Action Fund with five-year commitments of $3.55 billion from Ottawa and $1.67 billion from Ontario. The governments say it will help steelmakers diversify production and reach new markets. An additional $2.5 billion over two years is earmarked for automotive capital projects, including machinery and production-line upgrades. The federal government will contribute $1.5 billion and Ontario $1 billion. For northern Ontario’s Ring of Fire, Ottawa will match the province’s initial investment of up to $1 billion over three years for essential road infrastructure. The plan also calls for coordinated permitting and a working group on engagement with First Na...

U.S. Food Importer Sues to Block 50% Tariffs on Canadian Goods

Updated: 20 October 2026, 1:51 p.m. EDT (Toronto) U.S. food importer Gellert Global Group filed a lawsuit in New York on Tuesday, 20 October, seeking to block President Donald Trump’s 50 per cent tariffs on a range of Canadian goods and recover duties already paid. The case, brought in the U.S. Court of International Trade, challenges the administration’s use of Section 338 of the Tariff Act of 1930. The Liberty Justice Center, which represents Gellert , announced the filing on Tuesday. CNBC independently reported the lawsuit and its request for refunds with interest. The New Jersey-based company imports Canadian cheeses covered by the duties. Its lawyers argue that the administration exceeded the authority Congress provided and imposed tariffs on products unrelated to the Canadian trade practices cited to justify them. Those are claims in the lawsuit, not findings by the court. The legal group says one Canadian supplier buys milk from upstate New York farmers, makes it into brie in C...