Michael Garcia, the CEO of Algoma Steel in Sault Ste. Marie, Ont., urges quick action by Canada in response to Trump tariffs on steel and aluminum expected next month. He says any retaliatory tariffs collected by Canada should ‘flow back’ to impacted workers and companies.
New U.S. tariffs announced Monday by President Donald Trump are creating uncertainty and disruptions in Sault Ste. Marie, Ont., home of major Canadian producer Algoma Steel.
“Fifty per cent of our steel goes to the U.S., so that’s way, way too much of our product to not eventually cause a slowdown in production,” said Bill Slater, head United Steelworkers Local 2724, which represents some of the company’s 2,700 workers in the border city.
Trump signed two executive orders late Monday that would place 25 per cent tariffs on all steel and aluminum imports entering the U.S., including from its biggest supplier, Canada, effective March 12. The move comes a week …