Quebec Premier François Legault says companies vulnerable to U.S. tariffs can apply for loans up to $50 million.
Legault announced the new loan program today, hours after U.S. President Donald Trump imposed 25 percent across-the-board tariffs on Canadian goods, and a 10 percent levy on energy products.
The premier says the loans will offer liquidity to companies over the next 12 months to give them time to adjust their business models or supply chains.
As well, Legault says the province will pull U.S. alcohol from shelves at stores run by the provincial liquor monopoly, and penalize American companies who bid on public contracts….