130
submitted 5 days ago by cm0002@toast.ooo to c/canada@lemmy.ca
you are viewing a single comment's thread
view the rest of the comments
[-] NotMyOldRedditName@lemmy.world 26 points 5 days ago* (last edited 5 days ago)

From this CBC article on the topic...

https://www.cbc.ca/news/canada/cleveland-cliffs-ceo-stelco-layoffs-hamilton-9.7377708

"I am in favour of tariffs against all the countries in the entire world that dump steel into the United States," he said, adding that the Section 232 tariffs have brought "the American steel industry back."

"I'm in favour of Section 232. There's no doubt about it."

He told CBC News in a previous interview that he "would not have acquired the Stelco if I knew that Canada and the United States would become what they became — enemies in trade."

So they buy Stelco, a Steel company, that in their own opinion is harming the US and was long before the trade war, and if they had the power, would have entered a trade war on the topic because they think its just, and then Trump starts a trade war and thus they support it, and now want to lay people off because of the trade war.

wild.

[-] TeaWithDani@lemmy.world 16 points 5 days ago* (last edited 5 days ago)

Watch the interview with Rosemary Barton, the CEO of Cleveland-Cliffs is barely able to conceal the bullshit he is spinning.

He bought Stelco to raise prices of Canadian steel to make his US assets more profitable. He says it directly and through the language of Maga. That is all, now he'll nuke Canadian production to benefit his other assets.

He will rehire those employees if Canada reaches a deal with US on steel. Blackmail. Foreign threats.

[-] ILikeBoobies@lemmy.ca 2 points 4 days ago

Label the company an American asset and seize it.

[-] nyan@lemmy.cafe 1 points 4 days ago

Another thing about that interview: he continually uses Algoma Steel's shutdown of its old furnace and the accompanying loss of jobs in an attempt to justify his actions . . . but they've been planning to shut that furnace down since the Biden administration (they built a new, less-polluting electric arc furnace that doesn't require as many personnel to replace it). The tariffs moved the timetable up by a year, but those jobs were always going to go away, and everyone (including the union) knew it. The workers had time to plan and received some supports to retrain or find a new job. Completely different situation from Stelco. So anything he says about that is just blowing smoke.

[-] Metris@lemmy.ca 8 points 5 days ago

I know it's top much to ask but it'd be great if they didn't just let Americans buy everything

[-] kent_eh@lemmy.ca 3 points 5 days ago

it'd be great if they didn't just let Americans buy everything

Jump in a time machine and tell that to the politicians from your grandparents generation.

Well, the US dollar is dogshit, but somehow every other currency is even more dogshit. As long as people see it that way, US billionaires will keep buying more stuff around the world

this post was submitted on 11 Oct 2026
130 points (100.0% liked)

Canada

12532 readers
623 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 Sports

Baseball

Basketball

Curling

Hockey

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


🌐 Other Relevant Communities


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

  2. Provide sources when making a claim. Do your research or google it doesn't cut it. The one making the claim is responsible for backing it.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 5 years ago
MODERATORS