Prime Minister Mark Carney and Ontario Premier Doug Ford are set to introduce new assistance for automotive companies investing in green technologies amidst the current uncertain trade environment with the U.S., according to sources revealed to CBC News. The upcoming announcement, slated for later today, will focus on aligning Canada’s greenhouse gas regulations following recent changes by the Trump administration earlier this week.
Following the U.S.’s recent decision to roll back fuel efficiency standards for new vehicles, Carney and Ford are planning to unveil a support package aimed at promoting clean investments in the automotive sector. The announcement is expected to take place on Parliament Hill this afternoon, with the participation of industry and finance ministers.
In response to President Donald Trump’s threats of escalating tariffs on various automotive and steel products, Carney had previously announced retaliatory measures involving matching tariffs on American goods. The U.S. has already imposed significant tariffs on imported vehicles and non-CUSMA compliant auto parts, along with imposing varying tariffs on Canadian steel imports.
The move by Carney and Ford comes at a critical juncture as the automotive industry navigates through the challenges posed by trade tensions and shifting policies.
