Ontario Premier Ford Unveils $11 Billion Relief Package to Assist Workers and Businesses Amid US Tariff Challenges
Ontario Premier Doug Ford has announced a series of tax deferment and rebate initiatives totalling $11 billion to mitigate the impact of tariffs imposed by U.S. President Donald Trump.
“We can’t control President Trump, but we’re in full control of the kind of future we build for ourselves,” Ford said in the release. “The best way to protect Ontario is to build the most competitive economy in the G7, breaking down internal trade barriers and diversifying our trade so we can build a more resilient, prosperous and secure province.”
The province is introducing tax relief measures for businesses under its 10 business-related tax programs. These include the Employer Health Tax, Insurance Premium Tax, Gasoline and Fuel Taxes, Mining Tax, Tobacco Tax, International Fuel Tax Agreement, Beer, Wine and Spirits Tax, Retail Sales Tax on insurance contracts and benefit plans, and the Race Tracks Tax.
Tariffs and Shutdowns
Trump announced the introduction of a 25 percent tariff on automobile imports last week. It went into effect on April 3. This new tariff is in addition to the existing 25 percent tariffs imposed on all steel and aluminum imports into the United States, including those from Canada.
The president also announced a baseline tariff of 10 percent on imports from most countries, along with an extensive list of increased tariffs that will apply to several nations.
The company is also closing its Toluca Assembly Plant in Mexico for the entire month of April. The shutdowns have resulted in temporary lay-offs for workers at Stellantis’ stamping and transmission facilities in Warren and Sterling Heights, Michigan, and Kokomo, Indiana.
Ford has been critical of Trump’s tariffs for months, saying that they jeopardize Canadian and American jobs, particularly in the automotive sector.
Ford also continues to make appearances on a number of American news networks to explain how the tariffs are damaging to both countries.
Ford has been touting the benefits of tighter Canada-U.S. relations since Trump first broached the subject of tariffs in November. He has been “speaking regularly” to his counterparts in the United States to try to strengthen ties.