Canada to unveil U.S. tariff response including loans, benefits
Cabinet ministers will hold a press conference to outline measures at 11 a.m. Ottawa time
Canada's government will announce measures to support workers and businesses affected by US tariffs. The US imposed 50 percent tariffs on about US$20 billion of Canadian exports on Saturday.
The Canadian government, including Finance Minister François-Philippe Champagne, will share details of supports for workers affected by the tariffs on Tuesday. According to Carney, the US trade demands aim to "destroy our major industries," including autos, steel, and aluminum.
The relations between the US and Canada have deteriorated, with US President Donald Trump threatening new 50 percent tariffs on Canadian vehicles, auto parts, and steel. Carney stated that Canada may need to use targeted retaliation to protect its workers and businesses, and rejected an attitude that treats Canada as a US subsidiary.
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