Canada's Biggest Steelmaker Sees Layoffs From U.S. Tariffs
- ArcelorMittal Dofasco CEO says response must be proportionate
- Donnelly also sees increase in steel being diverted to Canada
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The head of Canada’s biggest steelmaker says he may have to lay off 1,000 workers and review C$750 million ($564 million) of investment if the government doesn’t fight back against U.S. tariffs.
Canada shouldn’t waver in its plan to retaliate against the 25 percent tariff the U.S. has imposed on steel imports, ArcelorMittal Dofasco Chief Executive Officer Sean Donnelly told lawmakers Tuesday in Ottawa. The government should also seek the permanent elimination of the U.S. tariff, he said.