Canada Announces Strategic Industry Aid Plan to Counter US Tariff Impact

Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford jointly announced a series of strategic industry aid plans on the 21st to support workers and businesses affected by US tariffs and promote long-term economic growth. According to Canadian sources, the plans total C$8.7 billion (approximately US$6.2 billion), focusing on protecting Ontario's steel, automotive, and critical minerals sectors. Measures include establishing a joint steel action fund, supporting automakers in upgrading production lines, building road infrastructure, and developing a critical minerals supply chain in northern Ontario. Reports indicate the Canadian government has already provided over C$25 billion in aid to Canadian workers and businesses affected by US tariffs. (CCTV News)