The Quebec government on Wednesday said it would spend $863 million over five years to mitigate the impact of U.S. tariffs on companies and the province’s agriculture sector.
The province said the plan would provide direct financial aid to some companies affected by the tariffs and would support investments to improve productivity, worker training and boost market diversification.
The Trump administration has imposed a 25% tariff on steel and a 10% tariff on aluminum imports from Canada and other nations, prompting retaliatory tariffs against the United States.
In June, Quebec said it would offer $100 million in loans and loan guarantees to steel and aluminum companies hit by the U.S. tariffs.
The Liberal government in Quebec is facing an October provincial election. It said the plan announced on Wednesday would support $3.1 billion worth of company investments in the province.
