Canada

A noteworthy part of the plan is to pause the electric vehicle (EV) mandate to meet a demand by the auto industry. The strategy waives the mandate for the 2026 model year and launches a 60-day review of the policy.

The new industrial strategy also includes:

• A "reskilling package": The government will extend employment insurance benefits and make them more flexible, launch a digital jobs training program and help 50,000 workers update their skills.

• A strategic response fund: The government says it will invest $5 billion into a new fund that will help tariff-affected industries adapt and train their workforce.

• A new "Buy Canada policy": The measures will require the federal government to use Canadian suppliers and will also "provide a roadmap" so provincial and municipal governments do the same.

• Extending Business Development Bank of Canada loans: Small and medium-sized businesses will be able to access more capital and will get more flexibility in paying it back. They will also get $1 billion in additional support over three years.

• Agriculture relief: There will be a new $370-million biofuel production incentive, and clean fuel regulations will be amended to help the biofuels industry. Canola will also get relief support from the federal government to help it bear China's 75.8 per cent tariff on Canadian canola.