Premier François Legault announced Quebec’s retaliatory measures and local response on Tuesday to President Donald Trump’s sweeping tariffs, amid the start of a trade war between Canada and the U.S.
Hours after Trump imposed 25 per cent across-the-board tariffs on Canadian goods and a 10 per cent levy on energy exports, the premier said Quebec companies vulnerable to the tariffs can apply for loans to help them navigate the turbulent trade relationship and economy in the upcoming months.
Companies can receive loans up to $50 million, with a maximum term of seven years, and a deferral of up to 24 months to begin repaying them.
Legault said the province will launch a fund that will provide financing to hard-hit businesses, and is encouraging companies looking to expand to apply for funding with Investissement Québec, the province’s investment arm.
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“This is an unjustified attack that will hurt our economy, but it will also hurt Americans,” …