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Quebec will offer CAD 100 mn loans to metal companies hit by US tariffs

Quebec will offer CAD 100 million (USD 77.1 million) in loans and guarantees for loans to steel and aluminum companies hit by recent US tariffs.


Reuters Last Updated at 12 Jun 2018, 03:06 IST Canada, United States
Quebec will offer CAD 100 mn loans to metal companies hit by US tariffs
  • Companies that transform the metals and producers will benefit from the programme. (Image Credit: Pixabay)

The Canadian province of Quebec will offer CAD 100 million (USD 77.1 million) in loans and guarantees for loans to steel and aluminum companies hit by recent US tariffs, the province's economy minister said on Monday.

Companies that transform the metals and producers will benefit from the programme after the United States slapped a 25 percent tariff on steel and a 10 percent tariff on aluminum imports last month.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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