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. The announcement came the same day US-owned Cleveland-Cliffs confirmed layoffs at its Hamilton, Ontario, plant, underlining the human cost of the trade dispute.
Carney confirmed he spoke at length with President Trump on Wednesday, covering trade, Iran and the Middle East. He signalled no breakthrough but said Canada remains ready to negotiate. Talks collapsed in August after Trump imposed 50% tariffs on around $20 billion (€18.4 billion) in Canadian goods, prompting Canadian retaliation.
For his part, Ford was direct about what the dispute has done to bilateral ties. Carney has set a target of doubling Canadian exports to non-US markets within a decade, acknowledging that an integrated North American auto industry may no longer be Washington’s priority. The embassy named Industry Minister Mélanie Joly for discussing retaliatory tariffs targeting Republican states and Ford for running a US television ad featuring former President Ronald Reagan criticising tariffs, the ad that prompted Trump to walk away from trade talks in October 2025.
Both leaders rejected the allegations. So did independent analysts.
Extract — continue reading at the source.
