Canada Is Spending Billions to Help Its Workers Survive Our Tariffs – Mother Jones– www.motherjones.com

On Tuesday, Canadian officials announced funding to back businesses, workers, and industries, as they implement dollar-for-dollar counter-tariffs on the US in response to the Trump administration’s newly imposed 50 percent tariffs on roughly $20 billion worth of Canadian imports.

Senior members of Canada’s government announced a support package worth $7.5 billion Canadian dollars, or about $5.4 billion US, including $3 million in non-repayable loans for every small business and a further $2 million in interest-free loans—even for businesses only indirectly affected by tariffs.

Small and medium-sized businesses directly affected will be able to apply for a further $5 million through Canada’s business development bank, and the Canadian government has set aside $2 billion for medium-sized and large firms, more than half a billion dollars for retraining workers whose industries are affected by tariffs, and a one-year extension on temporary employment insurance benefits Canada already issued in response to the start of Trump’s trade war with Canada last year.