From euronews · Jeremiah Fisayo-Bambi · · 50s
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.
In brief
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 industries from US tariffs, with $3.7 billion for steelmakers and $1.8 billion for automakers over five years. Originally reported by euronews.
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.
What matters most
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.
