Can Stone Canadian industry can last other Trump prices? star-news.press/wp

Canadian steels could be 25% customary tariffs on Wednesday, Last Thursday, President Donald Trump has spent for many Canadian products. It is not mentioned that Washington threatens to impose April 2.

Sunday, United States Trade Secretary, Howard LutnickIn steel and aluminum confirmed that customs rates will come into force in an interview Nbc.

Would be a Apocalyptic scenariosays François Desmarais, Vice President, Trade and Industry issues, the Canadian Association of Steel Producers.

There are 23,000 jobs in the steel sector and 100,000 indirect jobs, five provinces (Ontario, Quebec, Manitoba, Saskatchewan and Alberta), and sales of $ 10 to 11 billion.

More than 50% of Canadian steel production has passed in the United States. We are subject to our exports.

(During the first term Donald Trump) In 2018-2019, we had only 25% of the prices, and very, very painfulHe said. This time, we are talking about 50%, approximately a Canadian steel product is selling in the United States.

For now, however, many Canadian producers protect contracts with their American customers, says Jean-Charles Cachon, Professor of Management of the University of Laurentian University.

Steel production specializes in very specific areas. Alloys used are adapted to different situations and is generally based on contractsExplained by referring to the examples of arms and automotive.

Tables?

There are six ontario from Canada 13 steps.

Accompaniment ALGOMA Steel Sainte-Sainte-Marie has already been temporarily placed on about twenty employees. He also established the company, which emphasizes the Kachon teacher.

Steeltown Hamilton is the most common nickname in the city of Ontario and Mrs. Horwath It is his mayor. There are Stelco and ArcelorMittal DoFasco facilities, especially. Mrs. Horwath says himself Very worried. It stresses that the steel sector generates a million dollars for the local economy.

Thousands of people can lose work.

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Lourenco Goncalves, General Manager of Cleveland-cliffsthat keeps steel steel HamiltonIn the past he has given his support to customs rates Donald Trump.

The Metalos Union is still relaxing.

Giant (American) If this has been purchased in our steel Hamilton (Stelco), is not closed.

We will cross the turbulence areas, but I’m not worried (from short-term or medium closure) for installations HamiltonHe said, in the United States Metals in addition to the pressure on the administration Lease.

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Mr Lemieux is concerned about the processing industry for steel products. In the consolidation bar, to steel tubes, cheat, manufacture screws, which will give us the prices really blowHe explained.

Mayor Horwath Fearing Ontario suppliers will lose customers in the United States.

Some of the great employers (from steel Hamilton) Make stronger kidneys financially, but what will be impacted (prices) on business expansion plans (on Ontario)?

Steel, weaker than aluminum

President Lease It also threatens to impose additional customs duties in Canada Aluminum on Wednesday.

However, Americans depend on Canada for aluminum, not the steel case, Julian Karaguesia, university professor Mcgill And former financial advisor to the Canadian Ministry of Finance and the Canadian Embassy of Washington.

It only gives Quebec only 60% of the imported aluminum imported to the United States, which has no alternate solution. Steel is different. There is already overproduction.

The same bell of the teacher Jean-Charles Cachon, which represents this surplus Steel in the world market Hundreds of tons of millions.

It is a very cyclic sector and we are in the downward phase of the cycle. (…) Chinese request has already been a minimum for 3 years.

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Some producers are mainly in China and other Asian countries disposal In the market, so we have the following illegal steelThe cachon teacher says.

Most Canadian (steel) producers will buy iron, coal, US cokeIt adds Mr. Desmarais, harms the story of Canada.

On the other hand, the stay provided by the administration is satisfied Lease to car manufacturers. It is one of our main customersNotice.

Do not return “normal”

Des Métallos Union pressures Canadian and Provincial Government in its infrastructure projects to increase Canada demand, and therefore help achieve the influence of American customs tariffs.

It doesn’t make sense that we have built a Kamlplain Bridge for the European developers (largely). We should be attentive to such major infrastructure projects Tgv.

According to him, the rules on international trade could be violated, such as Kneek, knowing that Quebec is a leader in Quebec.

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The teacher in Karaguesa adds president Lease A, with its customs rates, no more or less torn The free trade agreement with Canada and Mexico opened the Canadian door to the Canadian requirements in infrastructure contracts.

Federal governments, Ontario and Quebec will not leave the steel industry failure. The industry indirectly will help with contracts.

Michael McadooPartner Consulting for the company Boston Consulting Groupbelieves that Canada needs Encourage your home industry. Canadian steel producers must recreate their efforts to find new customers outside the United States, in Europe and Asia.

In the long run, we find balance, but it is clear to make adjustments in the short term.

Canada was very, very, very sharp Products selected (its first counterparts have been elected to be pressured on American officials)He says.

Many observers stressed that Ottawa directed Oranges in Florida, such as the Governor of Florida, Ron desantisIt is an ally Donald Trump.

For the Lord in the Caraguesia, though Washington In the end, he ignored his customs rates, will not return normal.

While we need to prepare this kind of protectionism to continue in the United States, and probably elsewhere in the worldHe said. We need a national strategy to protect our long prosperity.

Marjorie with the help of April