Canada's steel town still nervous despite tariff reprieve - News Summed Up

Canada's steel town still nervous despite tariff reprieve


Canadian negotiators are weighing the interests of the relatively small sector, responsible for about 22,000 direct Canadian jobs and C.0 billion (.0 billion) in U.S. exports. Now it's being used as leverage," said Hamilton Port Authority Chief Executive Officer Ian Hamilton. "President Trump is putting a lot of pressure on everybody. "Hamilton, population 700,000, has pushed to diversify its economy, with better transit links to Toronto and affordable homes that are attracting families priced out of Canada's biggest city. A C$139-million project is underway to clean up coal tar that contaminates the harbor and condos are replacing once empty downtown storefronts.When Canadian steel escaped U.S. steel tariffs in 2002, the duties had diverted some cheap steel into Canada.


Source: Egypt Today March 11, 2018 20:15 UTC



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