Canada Giving $1.1 Billion to Firms Hit by US Metal Tariffs (1)

Prime Minister Mark Carney’s government unveiled measures worth C$1.5 billion ($1.1 billion) to help Canadian firms hurt by the Trump administration’s changes to US tariffs on imports containing steel, aluminum and copper.

The change in early April put a 25% surcharge on the total value of products that contain these metals. Previously, the US applied a 50% tariff only to the actual metal content inside the products, but importers complained that regime was too complicated in practice.

The change has been devastating to some Canadian businesses. Last month BRP Inc., which makes recreational vehicles such as Sea-Doo watercraft ...