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Euronews
Euronews
Jeremiah Fisayo-Bambi

Canada unveils $6.2bn plan to shield manufacturers as Trump trade tariffs bite

Donald Trump Mark Carney Tariffs Canada United States Doug Ford Midterm Elections

Canada has announced a $6.2 billion (€5.7 billion) package to protect its steel and auto industries from US tariffs, as Prime Minister Mark Carney warned that Washington has permanently altered a trade relationship built over decades.

Carney and Ontario Premier Doug Ford jointly unveiled the plan on Wednesday, directing $3.7 billion (€3.4 billion) to steelmakers and $1.8 billion (€1.65 billion) to automakers over five years, with $1.1 billion (€1 billion) of the auto funding coming from the federal government in Ottawa.

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