Tariff Cuts As Economic Stimulus

Law360, New York (April 14, 2010, 12:44 PM EDT) -- Canada’s Ministry of Finance announced on March 4, 2010, that it is eliminating tariffs on a broad range of manufacturing inputs, machinery and equipment. This follows a similar tariff restructuring by Mexico effective Jan. 1, 2009.

Specifically, the 2010 Canadian budget provides for the elimination of tariffs on 1,541 items, beginning March 5, 2010.[1] The majority of the tariffs were eliminated on that date and the remaining tariffs will be phased out by Jan. 1, 2015.

By reducing and eliminating the tariffs at issue, which range...
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