# Canada's $6.2bn plan to shield manufacturers from US tariffs

> Canada launches $6.2bn aid for steel and auto sectors as US tariffs bite.
- Title: Canada's $6.2bn plan to shield manufacturers from US tariffs
- Summary: Canada launches $6.2bn aid for steel and auto sectors as US tariffs bite. Canada's government announced a $6.2 billion plan to protect steel and auto…
- Keywords: canada, us tariffs, steel industry, automakers, trade dispute, mark carney, doug ford, cleveland-cliffs, midterms, trump tariffs, news, world
- Source: euronews — https://euronews.com/2026/10/22/canada-unveils-62bn-plan-to-shield-manufacturers-as-trump-trade-tariffs-bite
- Author: Jeremiah Fisayo-Bambi
- Published: 2026-10-22T04:30:08+00:00
- Read time: 1 min
- Topics: canada, us tariffs, steel industry, automakers, trade dispute, mark carney, doug ford, cleveland-cliffs, midterms, trump tariffs, news, world
## Canada's $6.2bn trade shield
Canada announced a $6.2 billion plan to protect steel and auto industries from US tariffs.
## Funding breakdown
Directs $3.7 billion to steelmakers and $1.8 billion to automakers over five years.
## Immediate impact
Canadian auto exports to US fell over 10 percent while US exports to Canada dropped over 20 percent.
## US embassy accusation
US embassy accused Canada of meddling in American midterms by targeting Republican states.
## Key takeaway

Canada's government announced a $6.2 billion plan to protect steel and auto industries from US tariffs, with $3.7 billion for steelmakers and $1.8 billion for automakers over five years.