Canada to announce loans, benefits as part of domestic response to U.S. tariffs: source
Measures reportedly include expanded jobless benefits and business loans similar to COVID-era assistance
Canada's government will announce measures to support workers and businesses affected by US tariffs. The US imposed 50% tariffs on about $20 billion of Canadian exports.
The Canadian government is considering a targeted approach, rather than matching US tariffs dollar for dollar. This comes after talks with the US Trump administration collapsed.
US President Donald Trump threatened new 50% tariffs on Canadian vehicles, auto parts, and steel. In response, Canadian Prime Minister Mark Carney accused the US of trying to subordinate Canada and dismantle major Canadian industries.
Brief written by urgent.news from National Post, The Indian Express — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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