Economy · Ottawa, Canada · October 22, 2026

Canada unveils $6.2 billion plan to support manufacturers hit by tariffs

Reported by 1 outlet · under-reported · first reported Oct 22, 12:30 AM ET

Prime Minister Mark Carney announced a $6.2 billion plan to shield Canadian manufacturers from US tariffs. Carney said the tariffs weaken industries in both countries and reduce choice for households.

Why it matters

The support targets industries such as autos that are deeply integrated across the US-Canada border.

Background

President Trump has said he wants automakers to move production from Canada to the US. Canada has responded with countermeasures and support programs.

The story so far

1. Oct 22Canada unveils $6.2 billion plan to support manufacturers hit by tariffs
2. Oct 23US to exempt some Canadian imports from tariffs, Collins says
3. Oct 24US eases some tariffs on Canadian goods, adds others
4. Oct 26Trump says Canada trade deal coming soon

Follow the whole story →

Sources

• Euronews ↗Oct 22, 12:30 AM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

See it on the globe →All of Oct 22's stories