Quebec Premier François Fréchette announced on Monday that the provincial government will roll out two new assistance programs aimed at businesses hurt by the United States' recent 50 percent tariff on selected imports. The measures, unveiled in Quebec City, are intended to provide financial relief to firms that see their costs rise sharply as a result of the American trade action.
The United States introduced the steep tariffs earlier this week, targeting a range of products that many Quebec exporters rely on. In response, the Quebec government said the two programs will offer direct support, though the specifics of funding levels or eligibility criteria were not disclosed in the announcement. The premier emphasized that swift action is necessary to protect the province's competitive edge and to prevent job losses in sectors vulnerable to the new trade barrier.
Officials described the assistance as a temporary safety net designed to help companies adjust to higher import costs while they explore alternative markets or supply chains. By providing financial aid, the province hopes to mitigate the immediate impact of the tariffs and give businesses time to adapt without resorting to layoffs or closures.
The announcement comes as part of a broader effort by Quebec to shield its economy from external shocks. Premier Fréchette noted that the province has a history of stepping in when external policies threaten local industry, and the current programs reflect that tradition. While the United States' tariff policy remains in flux, Quebec's response signals a readiness to act quickly in defense of its commercial interests.
Stakeholders are expected to receive further details in the coming days, including application procedures and the scope of support available. The provincial government urged affected firms to stay informed and to engage with the new assistance channels as they become operational.