Quebec will provide up to $50 million in liquidity loans to local businesses vulnerable to U.S. tariffs in a bid to help them reduce their reliance on trade with the United States, Premier François Legault has announced.
Legault is forecasting as many as 160,000 jobs could be lost in the province if the tariffs are maintained long-term.
Legault’s prediction and funding announcement came the hours after U.S. President Donald Trump implemented a 25 percent blanket tariff on Canadian goods, along with a 10 percent tax on energy products.
Legault described the tariffs as an “unjustified” attack on the Canadian economy during a March 4 press conference in Montreal….