Prime Minister Mark Carney details tariff relief funding for Atlantic businesses

Prime Minister Announces $80 Million in Tariff Relief for Atlantic Canada Businesses

ST. JOHN’S — Prime Minister Mark Carney has unveiled a new initiative that will provide $80 million in tariff relief for businesses in Atlantic Canada. This funding is part of a larger $1 billion regional tariff response program created by the Liberal government to support small and medium-sized businesses in the region.

Supporting Diversification and Technology Adoption

The goal of the tariff relief fund is to help businesses in Atlantic Canada diversify their markets and adopt new technologies. This initiative comes in response to the protectionist policies and trade war instigated by U.S. President Donald Trump, which have had significant impacts on Canadian businesses.

Adapting to Changing Trade Relationships

Prime Minister Carney emphasized that Canada’s relationship with the U.S. is evolving, and it is no longer prudent to rely solely on this traditional trading partner. As a result, it is crucial for Canadian businesses to explore new markets and opportunities for growth.

Focus on the Seafood Industry

One of the key industries that will benefit from this funding is the seafood sector. Atlantic Canada’s seafood industry has been particularly hard hit by retaliatory tariffs imposed by China, following Canada’s own levies on Chinese electric vehicles.

This announcement underscores the government’s commitment to supporting Canadian businesses through challenging economic times. By providing targeted relief and resources, businesses in Atlantic Canada will have the opportunity to thrive and succeed in the global marketplace.

This report by The Canadian Press was first published on September 8, 2025.

The Canadian Press