Canada announced Thursday it was reducing tariff-free import quotas for carmakers Stellantis and General Motors (GM) in response to their moves to scale back manufacturing in the country.
Ottawa is reducing the annual quota eligible for tariff relief by 24.2 per cent for GM and 50 per cent for Stellantis, the Canadian finance ministry said.
Finance minister Francois-Philippe Champagne said in a statement that his government was 鈥榙eeply disappointed鈥� with the two companies.
鈥楾hese unacceptable decisions are in contravention of their legal obligations to Canada and the Canadian workers, which is why we are reducing their import remission quotas,鈥� he said.
