Canada Unveils $7.5B Tariff Relief Package for Businesses and Workers
The package expands loan, training and EI support as Ottawa responds to U.S. tariffs that hit roughly $20 billion in Canadian imports, officials said.
- On Tuesday, Ottawa announced a $7.5 billion support package for businesses and workers while implementing dollar-for-dollar counter-tariffs on the US, responding to the Trump administration's newly imposed 50 percent tariffs on roughly $20 billion of Canadian imports.
- This reciprocal tariff plan follows the collapse of US-Canada trade negotiations late last week, building on supports Canada issued in response to the start of Trump's trade war with Canada last year.
- The $7.5 billion package features "new and enhanced" measures, including $3.5 billion for "rapid response supports," $2 billion for shovel-ready projects, and $1.5 billion to help small and medium-sized businesses manage tariff-related pressures.
- Canada confirmed it will match all US tariffs dollar-for-dollar as of September 8th, while the government lowered the minimum revenue requirement for Business Development Bank tariff-related programs to $1 million.
- Data released by the Center for American Progress shows the US lost 89,000 manufacturing jobs and 124,000 transportation and warehousing jobs in the 10 months following the Trump administration's "Liberation Day" tariffs.
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The companies keep repeating that they need more than loans to continue cashing the tremors of the trade war. The Carney government's response to the Trump administration's latest tariff salve is taking a step in this direction. It remains to be seen whether the companies will come knocking at the Ottawa door.
Several economists and business players doubt that federal measures in the face of Trump's 50% tariffs really help SMEs.
CFIB statement on Canada's tariff relief measures
TORONTO, Aug. 25, 2026 /CNW/ — Dan Kelly, President at the Canadian Federation of Independent Business (CFIB), issued the following statement in response to Canada’s tariff relief measures: “While we appreciate that the government is trying to move quickly, at first glance it looks like small business owners are being served the usual alphabet soup of complicated programs. They will be challenging for small business owners to figure out, let al…
Carney ‘did the right thing’: feds pledge $7.6-billion in tariff relief, but industry calls for ‘trade, not aid’
While industries affected by the U.S.’s newly imposed slate of tariffs are welcoming Ottawa’s relief measures, one industry head warns if the trade war doesn't improve by late fall, manufacturers could start rerouting supply chains outside of North America.
Winnipeg Free Press
The federal government pledged a $7.5B tariff-relief package. Here's what's in it.
OTTAWA - The federal government has announced a new package of relief for businesses and workers affected by U.S. President Donald Trump's latest round of tariffs, which are targeted at a wide variety of sectors ranging from honey and wine production to manufacturing, textiles and hockey sticks.
The Toronto Star
The federal government pledged a $7.5B tariff-relief package. Here’s what’s in it.
OTTAWA - The federal government has announced a new package of relief for businesses and workers affected by U.S. President Donald Trump's latest round of tariffs, which are targeted at
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