Story perspectives

Ontario launches $1B financing after Trump tariff hits

By Drooid · Sep 13, 2026, 2:23 PM UTC · How we work

Summary

Ford Launches Financing

Premier Doug Ford announced a $1 billion financing program and a $150 million trade fund.
President Donald Trump imposed 50 percent tariffs on Canadian steel, aluminum, mattresses, furniture and paper products effective Sept. 15.
President Trump announced import bans on most Canadian alcoholic drinks, certain dairy and motorcycles over 800 cc effective Sept. 29.
Protect Ontario Financing Program provides payroll loans to tariff-impacted firms.
Ontario Together Trade Fund provides up to $150 million in grants or loans.

Summary

Tariffs Hit Michigan

A study shows tariffs have cost Michigan households an average $5,600 since January 2025.
Swing voters say the trade war will deepen Michigan’s affordability crisis before the midterms.
Focus groups reported price spikes on shampoo, groceries and gasoline due to tariffs.
John Walsh of the Michigan Manufacturers Association warned tariffs will hit basic components in most manufactured goods.
Canadian Industry Minister Mélanie Joly said the tariffs deliberately target politically sensitive U.S. states such as Michigan.

History

Historical Context

In March 2002 President George W. Bush imposed safeguard tariffs of up to 30 percent on steel imports, triggering a WTO dispute that led to a November 2003 ruling authorizing more than $2 billion in sanctions and a December 2003 withdrawal. The episode forced sector-specific talks with Canada and set a precedent that today’s Ontario $1 billion financing plan and renewed U.S. tariffs echo.

1 of 3

Ford Launches Financing

Premier Doug Ford announced a $1 billion financing program and a $150 million trade fund.
President Donald Trump imposed 50 percent tariffs on Canadian steel, aluminum, mattresses, furniture and paper products effective Sept. 15.
President Trump announced import bans on most Canadian alcoholic drinks, certain dairy and motorcycles over 800 cc effective Sept. 29.
Protect Ontario Financing Program provides payroll loans to tariff-impacted firms.
Ontario Together Trade Fund provides up to $150 million in grants or loans.

1 / 3