Ontario unveils budget to combat US tariffs, offering $9B relief as tariffs slash job growth.

Ontario will unveil its 2025-26 budget on May 15, with US tariffs expected to be a major focus. The Ontario Financial Accountability Office predicts tariffs will slow real GDP growth from 1.7% to 0.6% and lead to 68,100 fewer jobs. To ease the impact, the province is deferring some business taxes for six months, offering $9 billion in relief. The budget aims to support economic growth and job creation amid trade tensions.