Bailout plan in response to Trump tariffs on the agenda for premiers’ meeting with Trudeau

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Bailout plan in response to Trump tariffs on the agenda for premiers’ meeting with Trudeau
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The premiers are meeting with PM in Ottawa Wednesday to hash out what the country will do to counter Trump’s promise to levy tariffs

Manitoba Premier Wab Kinew says Trump tariff bailout plans for Canadians are part of the discussion that premiers are conducting with Ottawa Wednesday, but he adds that a long-term economic strategy for the country is also necessary given trading relations with the United States appear permanently changed.and premiers, said one of the ideas under consideration is aid for Canadians whose jobs are disrupted or lost ifHe mentioned a proposal to reintroduce the income supports offered during COVID.

at its border with the U.S. He’s also repeatedly referred to Canada as the “51st state,” called Mr. Trudeau its “governor,” and said he would use “economic force” to try to annex Canada, while claiming a trade imbalance with Canada is a subsidy and vowing to renegotiate the Canada-U.S.-Mexico trade deal.Mr. Ford, who is the current chair of the Council of the Federation group of premiers and territorial leaders, also said he wants to talk about other options for responding to Mr.

In the face of economic aggression from the United States, Mr. Kinew said Canada needs to craft a new blueprint for growth and jobs. The Ontario premier also said he was interested in how quickly and effectively economic assistance could be provided to workers affected by the U.S. tariffs.“We need to enter these negotiations from a position of strength with as much leverage as possible,” he said.

These include a “short-term federal cost-coverage mechanism” funded by revenues from counter-tariffs and export taxes, new investment tax credits to encourage companies to proceed with planned investments, corporate tax deferrals, and employment insurance measures to help companies avoid layoffs.

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