Carney and Ford to Unveil Joint Support Package for Steel and Auto Sectors Hit by U.S. Tariffs
Prime Minister Mark Carney and Ontario Premier Doug Ford are set to announce a joint support package on Parliament Hill for the steel and auto industries affected by U.S. tariffs and changes to American fuel economy standards. Federal Finance Minister François-Philippe Champagne also confirmed the government's second budget will be delivered on November 5.
Prime Minister Mark Carney and Ontario Premier Doug Ford are expected to unveil new supports for Canada's steel and auto sectors, which have been hit by U.S. tariffs. The announcement is scheduled for Wednesday afternoon on Parliament Hill, following a meeting between the two leaders. 
The planned support package includes funding for clean auto investments and addresses Canada's greenhouse gas standards in response to the Trump administration rolling back U.S. fuel economy standards. Industry Minister Mélanie Joly stated that the government aims to provide support to auto companies impacted by both American tariffs and the reduction of U.S. GHG emission protections. According to a source, support for critical minerals is also included in the planned announcements.
U.S. President Donald Trump previously threatened to increase tariffs on cars, trucks, auto parts, and steel to 50 per cent effective January 1, 2027. Current U.S. levies already include a 25 per cent tariff on finished vehicles and non-CUSMA-compliant auto parts, as well as tariffs ranging from 10 to 50 per cent on Canadian steel imports. 
In related fiscal news, Federal Finance Minister François-Philippe Champagne announced that the Carney government will deliver its second budget on November 5.