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SAULT STE MARIE, Ont. – Manufacturing company fires workers in Ontario in response to US tariffs on steel and aluminum in Canada
A spokesman for Tenaris, which manufactures steel pipe, says that 40 workers at the Sault Ste. Marie, Ont., Will be fired Sunday due to changes in the export market.
David McHattie says the employees were hired at the North Ontario plant to meet the increased demand for the company's products. ] But months later, the Trump administration imposed a 25 percent duty on steel and 10 percent on aluminum, which, according to Tenaris, created a market " unsustainable "for its American customers. adjust its production levels as a result of tariffs and what it calls "the effect of increased competition from imports into Canada from countries that can no longer sell to the United States
Tenaris is established in Luxembourg and operates worldwide. The company says the market remains uncertain as the trade dispute between the United States and Canada continues.
"The environment is very uncertain and, as such, we have no other projects," McHattie said. Tenaris operations in the United States told The Associated Press on June 25 that the company's operations in Texas were trying to be excluded from the tariffs.
The company produces steel pipe in a state-of-the-art plant. the year, using solid steel rods called billets that are manufactured in its factories in Mexico, Romania, Italy and Argentina.
Zanotti refused to say how much the company would have to pay because of the tariff.
The Canadian government has published a long final list of $ 16.6 billion of US imports that would be subject to retaliatory tariffs that will come into effect on July 1. There will be a 10 per cent tariff on everyday items like ketchup and Prime Minister Justin Trudeau will visit a manufacturing facility in Leamington, Ontario. The government also announced Friday a $ 2 billion aid for Canada's steel, aluminum and manufacturing sectors to help companies retain skilled workers and avoid them. dismissals.
Canadian companies have expressed concern over the trade war, predicting that it could raise consumer prices in Canada and the United States and could put jobs at risk
– with records of the Associated Press [19659002] Companies in this story: (NYSE: TS)
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