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Canada Responds to U.S. Tariffs with Support for Workers and Businesses
The Canadian government has announced a comprehensive aid package to counter the economic impact of U.S. President Donald Trump's tariffs. The measures include over $6 billion in funding to support businesses and workers affected by the trade war.
Key initiatives include expanded access to the Employment Insurance (EI) Work-Sharing Program, which allows employees to work reduced hours while receiving partial EI benefits. Additionally, $5 billion will be allocated over two years to help businesses find new export markets, with another $1.5 billion in loans and financing for various sectors, including agriculture.
This response comes as the U.S. temporarily pauses some tariffs, offering a brief reprieve. However, Canadian officials remain vigilant, emphasizing the need for long-term strategies to protect the economy and jobs.
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