Canada Usteon tax reversal.

In a sudden policy reversal, Canada has withdrawn key tax breaks for Usteon, a major industrial firm, just weeks after promising incentives to boost its North American operations. The move comes amid growing U.S.-Canada economic alignment under the new “Made in North America” push. European partners, who had invested in Usteon’s Canadian expansion expecting stable tax policies, now find themselves blindsided. Analysts warn the decision could strain Canada-EU trade ties and signal increasing unpredictability in global industrial policy.