Liberal Leader Mark Carney announced that Winnipeg-based NFI Group could be exempt from Canada’s 25% counter-tariffs on U.S. materials to ensure the bus manufacturer remains competitive. Speaking at an NFI facility in Winnipeg, Carney emphasized the importance of “remission orders” to support Canadian businesses affected by trade restrictions.
The counter-tariffs, imposed in response to former U.S. President Donald Trump’s broad tariffs on Canadian goods, have raised concerns for NFI, one of the world’s largest bus manufacturers. CEO Paul Soubry assured that while some production adjustments may be necessary, the company remains committed to its Canadian operations.
By September, all Canadian orders will be fulfilled domestically, aided by $38 million in federal and provincial funding announced before Trump’s re-election. Soubry noted that this shift will not only sustain jobs in Canada but also free up U.S. production capacity for American customers.
Despite economic challenges, including a pandemic-related slowdown and supply chain disruptions, NFI Group has remained resilient, unlike some competitors that did not survive the downturn.
Source: Swifteradio.com
