Prime Minister Mark Carney says Canada’s federal government will “use all powers that we have” against the U.S. owner of an Ontario steel plant that announced hundreds of layoffs on Monday.
Stelco, owned by Ohio-based Cleveland-Cliffs, directly linked its plan to cut up to 500 jobs in Hamilton with U.S. President Donald Trump’s trade war with Canada.
The Trump administration imposed 50 per cent tariffs on foreign steel under Section 232 of the Trade Expansion Act last year. Canada has retaliated with duties on many U.S.-made steel products.
