Canada Plans Multisector Aid Amid US, China Tariffs

The Canadian government is set to announce a comprehensive support package aimed at helping the aluminum and steel sectors cope with the economic impact of U.S. tariffs. Industry Minister Melanie Joly confirmed that aid measures designed to address uncertainties caused by the tariffs will be rolled out in the coming days, including financial support and assistance to help these industries pivot away from reliance on U.S. markets. The package is expected to include direct financial assistance, investment incentives, and expanded loan programs potentially unlocking billions in investment for the aluminum sector. Alongside support for metals, measures will also be introduced to aid canola farmers affected by Chinese tariffs. Despite ongoing negotiations seeking relief from the Trump administration's tariffs, Canadian officials emphasize the importance of both immediate aid and long-term competitiveness strategies. Trade Minister Dominic LeBlanc highlighted the economic hardships caused by these tariffs and the efforts to find common ground with Washington.