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Carney Announces $8.7B Aid Package for Steel, Automakers

By Drooid · · How we work

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Story summary
  • Prime Minister Mark Carney announced an $8.7 billion aid package, including CA$5.2 billion for steelmakers and CA$2.5 billion for automakers over five years.
  • Premier Doug Ford said U.S. tariffs have permanently altered Canada-U.S. trade ties.
  • President Donald Trump imposed 50% tariffs on about $20 billion of Canadian goods, prompting retaliation.
  • The U.S. Embassy in Ottawa accused Canadian officials of election meddling, which Industry Minister Mélanie Joly and Ford denied.