Carney announces $2B fund to protect tariff-threatened auto industry

Catharine Tunney · CBC News

· Posted: Mar 26, 2025 11:09 AM EDT | Last Updated: 11 minutes ago

Homing successful erstwhile again connected the fractured Canada-U.S. relationship, Liberal Leader Mark Carney unveiled a $2-billion connection to support Canada's car manufacture portion successful Windsor, Ont., connected Wednesday — 1 of the front lines of the tariff war. 

Calling it a "strategic effect fund," Carney said the wealth would beryllium used to boost the car sector's competitiveness, support manufacturing jobs, assistance workers gain additional expertise in the manufacture and physique "a fortified Canadian proviso chain."

"Our car assemblage has ever been determination for our country, truthful successful this clip of uncertainty and need, Canada volition beryllium determination for our autoworkers," Carney said successful the shadiness of the Ambassador Bridge. 

The crossing not lone connects Windsor and Michigan, but besides helps shuttle millions of dollars worthy of goods traded betwixt Canada and the United States each day.

Windsor, location to large car plants similar Ford and Stellantis, has go synonymous not conscionable with Canada's car industry, but besides its profoundly intertwined commercialized narration with the U.S. industry.

Auto parts are often passed backmost and distant crossed the borderline aggregate times during production. When tariffs and counter-tariffs are imposed connected car assemblage parts, the added costs tin snowball quickly.

Carney called it a "huge vulnerability" and promised to physique an "all-in-Canada" manufacturing web to physique much car parts domestically, limiting however often they transverse the borderline during production.

"In the caller world, that volition beryllium an advantage," helium said. "That volition assistance insulate america from President Trump's commercialized threats and it volition turn the economy."

If elected April 28, Carney said his authorities would besides prioritize and procure Canadian-built vehicles.

WATCH | Carney announces $2B money to support tariff-threatened car industry 

Wednesday's announcement is portion of Carney's broader run to transportation himself to Canadians arsenic the champion idiosyncratic to instrumentality connected U.S. Donald Trump, who continues to dangle the menace of much economical woe.

The president has already imposed 25 per cent tariffs connected Canadian alloy and has threatened much to travel April 2.