Canada’s largest city and economic capital indicates that it will implement 10 action articles to support Canadian companies and workers in response to US President’s trade war Donald Trump.
Mayor of Toronto Olivia ChowAlongside the members of his economic action team, the plan unveiled at a press conference on Monday. Chow has said that short -term actions for immediate relief will cover the next 30 days.
Some of the key measures include the prioritization of Canadian suppliers in the Toronto supply, allowing industrial properties to postpone taxes for six months for relief of cash flows, as well as the launch of a “local love” campaign that will encourage people to choose Canadian manufacturing products.
“Canada is faced with an insane and harmful trade war. People feel anxious. They are worried about their work, the cost of food, the cost of living, “said Chow.
Toronto actively worked with federal and provincial governments to support a coordinated approach to approach the effects of American protectionism on businesses and workers, the city said.
The City of Toronto said that other measures include partnership with regional municipalities and the Ontario government to reduce dependence on American suppliers. As well as to support and promote the Toronto manufacturing and industrial sectors.
Trump has targeted Canada since its January inauguration, making fun of the country’s leaders and declaring that it would be better as a 51st American state.
He also threatened to impose a price of 25% on all Canadian imports, citing a multitude of grievances constantly evolving against Ottawa, such as immigration, fentanyl and the banking system.
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Trump’s foreign economic policy has changed rapidly, and despite the remaining threat, Washington has implemented 30 -day races and reprehe for affected nations.
However, Ottawa and the provinces have imposed their own measures, promising not to withdraw them until the pricing threat has completely disappeared. Ottawa Initially imposed 25% prices on $ 30 billion in American products and expanded this list to include almost $ 30 billion in goods of goods In response to the 25% Trump rate on global imports of steel and aluminum.
With regard to the relief of industrial land tax, the city said that the initiative would be in place for payments from June 1 to November 30. This policy concerned owners of financial difficulties due to prices and no penalty or interest will be billed late during the six -month -old withdrawal period.
The City said that the estimated cost of the program is about $ 300,000 to $ 750,000 and that postponement is a process based on applications with approval criteria
In terms of supply policies, the City said that American suppliers may be deemed inadmissible to tender on new competitive contracts. They have also noted new competitive contracts of less than $ 353,000 for goods and services and $ 8.8 million for construction will be allocated exclusively to Canadian suppliers.
“We will be united as Canadian proud, and Toronto will emerge stronger than ever,” said Chow.
Chow added that Toronto Fire Services plans to buy 17 fire trucks designed in Canada for its fleet, abandoning its agreement to buy from an American company.
She said that the action plan was going to the executive committee on Wednesday for approval, then to the council the following week.
Meanwhile, each province has introduced its own measures, the most common being the abolition of American alcohol for purchase.
The Ontario Government has prohibited American businesses from teaching public contracts and last week, Prime Minister Doug Ford interrupted an additional 25% on electricity exports to three US states.
Vaughan, who is just north of Toronto, announced this month that he had prohibited American suppliers from biding municipal contracts; Mississauga also changes purchasing payment to prioritize Canadian and non -American suppliers, especially for medium and high value projects.
During the weekend, Mississauga also joined the city of Barrie and the canton of West Lincoln American removal of flags installations belonging to the city.
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